Account Title. Beginning Balance. Ending Balance

Account Receivable 36,000 34,000

Allowance for Doubtful Accounts. 1,800 1,600

Note Receivable 40,000 40,000

Interest Receivable 1,400 2,800

There were $190,000 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,450. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period?

Cash Collected:

Uncollectible accounts expense:

Net realizable value:

The note receivable has a two-year term with a 7 percent interest rate. What amount of interest revenue was recognized during the period? How much cash was collected from interest?

Interest revenue recognized for the year:

Cash received for interest: