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Accounts receivable balance on December 31, 2023 Allowance for expected credit losses balance on December 31, 2023 $ 2,800,000 102,000 Credit sales made in
Accounts receivable balance on December 31, 2023 Allowance for expected credit losses balance on December 31, 2023 $ 2,800,000 102,000 Credit sales made in 2024 17,400,000 Collections from customers on account in 2024 16,700,000 Accounts receivable written off in 2024 193,000 Accounts previously written off that were recovered in 2024 (not included in the collections above) 39,000 Required: A. Calculate the ending balance in Accounts Receivable as at December 31, 2024. B. Calculate the Allowance for Expected Credit Losses balance, before adjustment, as at December 31, 2024. Calculate the credit losses for the year 2024. C.
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