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If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show

If Puddle Incorporated had total Accounts Receivable at the end of 2019 of $630 million and an allowance for uncollectible accounts of $16 million show the effect of the following in the accounting equation worksheet for 2020: Sales on credit of $4,315 million during the year Collection of accounts receivable of $4,190 million during the year Write off of uncollectible accounts of $14 million during the year An increase in the allowance for uncollectible accounts to 3% of total accounts receivable from customers

Required:

a. Calculate how much customers actually owe to Puddle at the end of 2020.

b. Calculate how much is estimated will not be collected by Puddle at the end of 2020.

c. State how much expenses increased due to the estimate of uncollectible accounts.

d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)

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