A business has the following balances at the beginning of the year:

Accounts receivable: $60000$

Allowance for doubtful accounts: $-9000$

The following summary transactions occurred during the year.

Sales for the year, $100\%$ on credit: $100000$

Cash collected on accounts receivable for the year: $104000$

Write$-$offs of uncollectable accounts receivable: $7200$

Received a cheque from a customer whose account was previously written off: $720$ Overall rate used to estimate the allowance for doubtful accounts at year end: $14\%$

Using the information above, answer the following questions. Enter the digits only no dollar signs, commas, or decimal points. IMPORTANT $-$ enter your answer to the second question $($the balance in the allowance$)$ as a NEGATIVE number, with a minus sign $(-)$ in front of the digits.

What is the balance in the accounts receivable account at year end?

A

What is the balance in the allowance for doubtful accounts at year end?

A

What is the balance in the bad debt expense account at year end?

A