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Company P reported the following information related to accounts receivable at the end of 2018: Accounts Receivable 157,000 Allowance for Doubtful Accounts 23,000 Uncollectible Accounts
Company P reported the following information related to accounts receivable at the end of 2018: Accounts Receivable 157,000 Allowance for Doubtful Accounts 23,000 Uncollectible Accounts Expense 37,000 During 2019, Company Preported $630,000 in credit sales and $575,000 in cash collections. In addition, Company Preported $38,000 in write-offs of uncollectible accounts. At the end of 2019, Company P reported the following accounts receivable information for its annual aging: Accounts Receivable Percent Uncollectible Current $73,000 5% 1-30 days past due 51,000 10% 31-60 days past due 28,000 25% 61-90 days past due 13,000 35% Over 90 days past due 9,000 60% A. What is the ending Accounts Receivable for 2019? B. What is the ending Allowance for Doubtful Accounts for 2019? C. What is the Uncollectible Accounts Expense (Bad Debt Expense) for 2019? D. What is the ending Net Accounts Receivable (net realizable value) for 2019
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