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E6-19 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers L06-2 Macrosoft develops, produces, and markets a wide range of computer software. On its

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E6-19 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers L06-2 Macrosoft develops, produces, and markets a wide range of computer software. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable amounts in millions) Accounts receivable, net of Allowances of 9144 and $127 Net sales revenue Current Prior Year Year $14,489 $ 11,538 61,220 51,722 According to its Form 10-K, Macrosoft recorded bad debt expense of $95 and there were no bad debt recoveries during the current year. (Hint Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solve for the missing values) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account Complete this question by entering your answers in the tabs below. Required Required 2 What amount of bad debt was written off during the current year? (Enter your answers in millions not in dollars.) Allowance for Doubtful Accounts Beg, bal O End bal Required 2 > Macrosoft develops, produces and markets a wide range of computer software. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable amounts in millions), accounts receivable, not of allowances of $144 and 5127 set sales revenue Current Prior Year Year $ 14,489 $ 11,538 41,220 51,722 According to its Form 10-K, Macrosoft recorded bad debt expense of $95 and there were no bad debt recoveries during the current year (Hint Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1) solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account. (Enter your answers in millions not in dollars) Accounts Receivable (Gross) Beg, bol End, bal

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