ACC 428 (065) Spring 2020 FINAL ASSIGNMENT (64 marks) Student# Name Question 1 (4 marks) Hogan Industries uses an estimate of 6% of outstanding receivables for the purposes of providing for uncollectible accounts. The following information pertains to the allowance for doubtful accounts for 2011: Beginning balance, Jan. 1/11 $20,000 Total debits during the year 8,000 Ending balance, after providing for uncollectible accounts $22,000 Required: (Use T account to assist with answers) a) Calculate the bad debt expense for 2011 b) Calculate the accounts receivable balance on Dec. 31/10 c) Calculate the total amount of accounts receivable written off in 2011 d) Calculate the accounts receivable balance on Dec. 31/11 ACC 428 (065) Spring 2020 FINAL ASSIGNMENT (64 marks) Student# Name Question 1 (4 marks) Hogan Industries uses an estimate of 6% of outstanding receivables for the purposes of providing for uncollectible accounts. The following information pertains to the allowance for doubtful accounts for 2011: Beginning balance, Jan. 1/11 $20,000 Total debits during the year 8,000 Ending balance, after providing for uncollectible accounts $22,000 Required: (Use T account to assist with answers) a) Calculate the bad debt expense for 2011 b) Calculate the accounts receivable balance on Dec. 31/10 c) Calculate the total amount of accounts receivable written off in 2011 d) Calculate the accounts receivable balance on Dec. 31/11