Ak Analysis of Accounts Receivable and Allowance for Doubtful Accounts February 23 , 2018 , and February 24 , 2017 ) . Steelcase , Inc. reported the following amounts in its 2018 and 2017 10 - K reports ( years ended less? How ow does the aging of accounts deal Veen estimated cash collections and actual cash collections? L04,5 ($ millions) 2018 Steelcase, NYSE SE 2017 $3,055.5 $3,032.4 From the income statement: Revenue From the balance sheet: Accounts receivable, net. Customer deposits From the disclosure on allowance for doubtful accounts: Balance at beginning of period Additions (reductions) charged to income. Adjustments or deductions Balance at end of period. 300.3 28.2 307.6 15.9 11.2 2.6 (2.5) 11.1 11.7 4.5 (5.0) 11.2 a. Prepare the journal entry to record accounts receivable written off as uncollectible in 2018. Also prepare the entry to record the provision for doubtful accounts (bad debts expense) for 2018. What effect did these entries have on Steelcase's income for that year? b. Calculate Steelcase's gross receivables for the years given, and then determine the allowance for doubtful accounts as a percentage of the gross receivables. Calculate Steelcase's accounts receivable turnover for 2018. (Use Accounts receivable, net for the calculation.) d. How much cash did Steelcase receive from customers in 2018? fohle Transactions and Uncollectible Accounts (Using c. LO4 MBC