Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance sheet Included the following Information (dollars In thousands): Current assets Receivables, net of allowances of $5,742 and 57,36e in the previous year $ 511,944 $ 588,348 In addition, the Income statement reported sales revenue of $2,231,755 ($ In thousands) for the current year. All sales are made on a credit basis. The statement of cash flows Indicates that cash collected from customers during the current year was $2,300,065 $ In thousands). There were no recoverles of accounts recelvable pevously written off. Required: 1. Compute the following (dollar amounts In thousands a. The amount of uncollectibles written off by Amdahl during the current year. b. The amount of bad debt expense that Amdahl would Include In Its Income statement for the current year. C. The approximate percentage that Amdahl used to estimate uncollectibles for the current year, assuming that It uses the Income statement approach. 2 Suppose that Amdahl had used the direct write-off method to account for uncollectibles.Compute the following (dollars In thousands): a. The accounts recelvable Information that would be Included In the year-end balance sheet b. The amount of bad debt expense that Amdahl would Include In Its Income statement for the current year. Complete this question by entering your answers in the tabs below. Req 1 Req 24 Req 2B Calculate the amount of uncollectibles written off by Amdahl during the current year, bad debt expense that Amdahl would include in its income statement for the current year and the approximate percentage that Amdahl used to estimate uncollectibles for the current year, assuming that it uses the income statement approach. (Enter your answer in thousands and round your percentage answer to 1 decimal place.) a. Uncollectibles written off b. Bad debt expense C Req 1 Req 2A Amdahl Corporation manufactures large-scale, high performance computer systems. In a recent annual report, the balance sheet Included the following Information (dollars In thousands): Current assets Receivables, net of allowances of $5,742 and 57,36e in the previous year $ 511,944 $ 588,348 In addition, the Income statement reported sales revenue of $2,231,755 ($ In thousands) for the current year. All sales are made on a credit basis. The statement of cash flows Indicates that cash collected from customers during the current year was $2,300,065 $ In thousands). There were no recoverles of accounts recelvable pevously written off. Required: 1. Compute the following (dollar amounts In thousands a. The amount of uncollectibles written off by Amdahl during the current year. b. The amount of bad debt expense that Amdahl would Include In Its Income statement for the current year. C. The approximate percentage that Amdahl used to estimate uncollectibles for the current year, assuming that It uses the Income statement approach. 2 Suppose that Amdahl had used the direct write-off method to account for uncollectibles.Compute the following (dollars In thousands): a. The accounts recelvable Information that would be Included In the year-end balance sheet b. The amount of bad debt expense that Amdahl would Include In Its Income statement for the current year. Complete this question by entering your answers in the tabs below. Req 1 Req 24 Req 2B Calculate the amount of uncollectibles written off by Amdahl during the current year, bad debt expense that Amdahl would include in its income statement for the current year and the approximate percentage that Amdahl used to estimate uncollectibles for the current year, assuming that it uses the income statement approach. (Enter your answer in thousands and round your percentage answer to 1 decimal place.) a. Uncollectibles written off b. Bad debt expense C Req 1 Req 2A
