Exercise 2-15B Determine missing amounts in the accounts receivable account Required Determine the missing amounts in each of the following four independent scenarios: a. W Co. had a $5,000 beginning balance in accounts receivable on January 1. Year 4. During Year 4, the company earned $72,500 of revenue on account and collected $70,000 cash from accounts receivable. Based on this information alone, determine the amount of the ending balance in accounts receivable. b. W Co. had a $3,200 ending balance in accounts receivable on December 31. Year 4. During Year 4. the company earned $60,600 of revenue on account and collected $61.200 cash from accounts receivable. Based on this information alone, determine the amount of the beginning balance in accounts receivable. c. W Co. had an $11.300 beginning balance in accounts receivable on January 1. Year 4. During Year 4, the company earned $102,400 of revenue on account. The ending balance in accounts receivable was $15,800. Based on this information alone, determine the amount of cash collections from accounts receivable. d. W Co. had an $18,000 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company collected $125,000 of revenue on account. The ending balance in accounts receiv- able was $28,500. Based on this information alone, determine the amount of cash collections from accounts receivable. EXERCISE 2-15B It may be helpful to solve for "X" in the following scenarios: a. W Co. Accounts Receivable Summary Beginning AR Balance Increase in AR from Reduction in AR from Endings Accounts Receivable Balance $5,000 (X) b. d. W Co. Accounts Receivable Summary Beginning AR Balance Endings Accounts Receivable Balance W Co. Accounts Receivable Summary Beginning AR Balance Increase in AR from (X) Reduction in AR from Collections (X) Endings Accounts Receivable Balance W Co. Accounts Receivable Summary Beginning AR Balance Increase in AR from Sales Reduction in AR from Endings Accounts Receivable Balance $18,000 (X)