Estimating Uncollectible Accounts and Reporting Accounts Receivable Mohan Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Mohan computes a total of $2,940 in estimated uncollectible accounts as of its current yearend. Its accounts receivable has a balance of $120,400, and its allowance for uncollectible accounts has an unused balance of $980 before any yearend adjustments. a. What amount of bad debt expense will Mohan report in its income statement for the current year? $Answer b. Determine the net amount of accounts receivable reported in current assets at yearend. $Answer -------------------

Evaluating Accounts Receivable Turnover for Competitors The Procter & Gamble Company and Colgate-Palmolive Company report the following sales and accounts receivable balances.

$ millions	Procter & Gamble	Colgate-Palmolive
2018 Net sales	$66,832	$15,544
2018 Accounts receivable	4,217	1,260
2017 Accounts receivable	4,135	1,332

a. Compute the accounts receivable turnover and DSO for both companies for 2018. Note: Do not round until your final answer. Note: Round your final answers to one decimal place (for example, enter 6.8 for 6.77555).

	Procter & Gamble	Colgate-Palmolive
AR turnover	Answer	Answer
DSO	Answer	Answer