ABC recorded credit sales of $740,000, of which $510,000 is not yet due, $140,000 is past due for up to 180 days, and $90,000 is past due for more than 180 days. Under the aging of receivables method, ABC expects it will not collect 2% of the amount not yet due, 16% of the amount past due for up to 180 days, and 25% of the amount past due for more than 180 days. The allowance account had a debit balance of $1,700 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account?

Multiple Choice

• $55,100.

• $62,200.

• $56,800.

• $10,200.

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At the beginning of 20X1, H6l Hospital reported Accounts Receivable $12000 and Allowance for Uncollectible Accounts $1800 (credit). During 20X1, before recording the year-end adjusting entries, the Hospital recorded credit sales revenue $17000 and wrote off accounts receivable $350. The following balance was reported on December 31, 20X1, before any adjustment: Accounts Receivable = $13000. The Hospital estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Age Group	Amount Receivable		Estimated Percent Uncollectible
Not yet due	$	8,000		10	%
0-30 days past due		4,000		20	%
More than 30 days past due		1,000		50	%
Total	$	13,000

Required: Please choose the best answer to the following questions based on the above information.

On December 31, 20X1, what is the amount of accounts receivable that the Hospital expects to collect from customers?

multiple choice 1

• $10550

• $10900

• $13000

• $10200

What is the amount of bad debt expense that the Hospital recorded in its December 31, 20X1, adjustment to the allowance account?

multiple choice 2

• $650

• $2100

• $1750

• $300

How much cash did the Hospital collect on Accounts Receivable in 20X1?

multiple choice 3

• $17000

• $15650

• $16000

• $16650