Question
Amadeus Corporation had the following information for the year 2018: Accounts Receivable, beginning 3,000,000 Allowance for Doubtful Accounts, beginning 150,000 Sales (80% on credit) 12,000,000
Amadeus Corporation had the following information for the year 2018:
Accounts Receivable, beginning 3,000,000
Allowance for Doubtful Accounts, beginning 150,000
Sales (80% on credit) 12,000,000
Sales Returns and Allowances 200,000
Sales Discount 120,000
Write-off of Accounts Receivable 100,000
Recovery of Accounts Receivable 50,000
Collections including recovery 9,000,000
25. Compute the bad debt expense if doubtful accounts expense is 15% of net credit sales
26.Compute the ending allowance for doubtful accounts if doubtful accounts expense is 15% of net credit sales.
27. Compute the net realizable value of the ending accounts receivable if doubtful accounts expense is 15% of net credit sales
28Compute the net realizable value of the ending accounts receivable if allowance for doubtful accounts is 10% of the gross ending accounts receivable
29.Compute the bad debt expense if allowance for doubtful accounts is 10% of the gross ending accounts receivable.
30.Compute the allowance for doubtful accounts if allowance for doubtful accounts is 10% of the gross ending accounts receivable
31. Compute the allowance for doubtful accounts if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *
32. Compute the bad debt expense if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *
33. Compute the net realizable value of the accounts receivable if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *
34. Compute the net realizable value of the accounts receivable if doubtful accounts expense is 10% of gross credit sales
35.Compute the bad debt expense if doubtful accounts expense is 10% of gross credit sales.
Compute the bad debt expense if doubtful accounts expense is 10% of gross credit sales.
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25 Compute the bad debt expense if doubtful accounts expense is 15 of net credit sales Calculate Net Credit Sales Net Credit Sales Total Sales Sales Returns and Allowances Sales Discount 12000000 2000...Get Instant Access to Expert-Tailored Solutions
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