Minta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment. The company's $2020$ financial statements

contain the following information $($ $ in millions$)$:

Balance sheets:

Accounts receivable, net

Allowance for uncollectible accounts

Income statements:

Sales revenue

Statement of Cash Flows:

Amortization, impairment and other

Decrease in accounts receivable

$2020$

$$3,464$

$227$

$$39,418$

$411$

$1,252$

$2019$

$$4,987$

$69$

Assume that all sales are made on a credit basis.

Required:

What is the amount of gross $($total$)$ accounts receivable due from customers at the end of $2020$ and $2019?$

Assume that bad debt expense is included in "amortization, impairment and other," such that the $2020$ decrease in accounts

receivable of $$1,252$ reflects only the difference between sales and collections. Prepare a T account that depicts how sales,

collections, bad debt expense, and writeoffs of bad debts affect the balance of net accounts receivable with a debit, a credit or

not at all, and estimate Minta's $2020$ bad debt expense.

Prepare a $T$ account that depicts how bad debt expense and writeoffs of bad debts affect the balance of the allowance for

uncollectible accounts with a debit, credit or not at all, and estimate the amount of bad debts written off by Minta during $2020.$

Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during

Analyze changes in net accounts receivable to calculate the amount of cash received from customers during $2020.$

Complete this question by entering your answers in the tabs below.

Required $1$

Assume that bad debt expense is included in "amortization, impairment and other," such that the $2020$ decrease in accounts

receivable of $$1,252$ reflects only the difference between sales and collections. Prepare a T account that depicts how sales,

collections, bad debt expense, and writeoffs of bad debts affect the balance of net accounts receivable with a debit, a credit or

not at all, and estimate Minta's $2020$ bad debt expense.

Note: Enter your answers in millions.