Macrosoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable (amounts in millions).

	Current Year	Prior Year
Accounts receivable, net of allowances of $409 and $379	$ 29,924	$ 26,281
Net sales revenue	66,069	64,897

According to its Form 10-K, Macrosoft recorded bad debt expense of $123 and there were no bad debt recoveries during the current year.

Required:

1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year?
2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Macrosofts sales during the period were on open account. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Macrosofts sales during the period were on open account. (Enter your answers in millions not in dollars.)

Accounts Receivable (Gross)
Debit		Credit
Beginning balance	22,638,000
Net sales	66,069,000
Ending balance	88,707,000

• Required 1