A portion of the current assets section of the December 31, 2019, balance sheet for Gibbs Co. is presented here: Accounts receivable $ 21,800 Less: Allowance for bad debts (3,600 ) $ 18,200 The companys accounting records revealed the following information for the year ended December 31, 2020: Sales (all on account) $ 168,000 Cash collections from customers 137,500 Accounts written off 3,200 Bad debts expense (accrued at 12/31/20) 5,100 Required: Calculate the net realizable value of accounts receivable at December 31, 2020, and prepare the appropriate balance sheet presentation for Gibbs Co. as of that point in time. (Hint: Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts.)

What is accounts receivable total for Dec. 31st 2020?

What is allowance for bad debts?