HW 5 # 4

Suppose Acme, Inc., reported net receivables of $2,581 million and $2,266 million at January 31,2022 , and 2021 , respectively, af million (all on account) and recorded uncollectible-account expense of $18 million for the year ended January 31,2022. Read the requirement Requirement 1a. Use this information to measure the write-offs of uncollectible receivable amounts for the year ended January 3 Post the known transactions to the Allowance for Uncollectible Accounts to solve for the write-offs amount. (Enter amounts in mil 022, and 2021 , respectively, after subtracting allowances of $66 million and $61 million at these respective dates, Acme earned total revenue of $60,000 danuary 31,2022 for the year ended January 31,2022 . mount. (Enter amounts in millions of dollart at provided to you in the problem statement) Requirement 1. Use this information to measure the following amounts for the year ended January 31, 2022 : a. Write-offs of uncollectible receivables b. Collections from customers Suppose Acme, Inc., reported net receivables of $2,581 million and $2,266 million at January 31,20 million (all on account) and recorded uncollectible-account expense of $18 million for the year ended Read the requirement. Requirement 1a. Use this information to measure the write-offs of uncollectible receivable amounts Post the known transactions to the Allowance for Uncollectible Accounts to solve for the write-offs am Allowance for Uncollectible Accounts