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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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