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At December 31, 2021, Martinez Imports reported this information on its balance sheet. Accounts receivable $606,700 36,950 Less: Allowance for doubtful accounts During 2022, the
At December 31, 2021, Martinez Imports reported this information on its balance sheet. Accounts receivable $606,700 36,950 Less: Allowance for doubtful accounts During 2022, the company had the following transactions related to receivables. Sales on account 2. $2.899,000 51,300 2.549.800 40.820 Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible 3. Indicate how accounts receivable and the allowance for doubtful accounts will be reported on the December 31, 2 sheet. MARTINEZ IMPORTS Balance Sheet Assets $ Assets Liabilities Allow. For Cash Accts. Rec. Doubtful Accts. + 93340
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