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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
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 $ and $ $ $
Net sales revenue
According to its Form K Macrosoft recorded bad debt expense of $ and there were no bad debt recoveries during the current year.
Required:
Using the following Taccount for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year?
Using the following Taccount 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.
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