Minta Corporation, is a leading manufacturer of sports apparel, shoes, and equipment. The companys 2020 financial statements contain the following information ($ in millions):

	2020	2019
Balance sheets:
Accounts receivable, net	$ 2,804	$ 4,327
Allowance for uncollectible accounts	215	33
Income statements:
Sales revenue	$ 37,558
Statement of Cash Flows:
Amortization, impairment and other	399
Decrease in accounts receivable	1,240

1. Assume that bad debt expense is included in amortization, impairment and other, such that the 2020 decrease in accounts receivable of $1,240 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 Mintas 2020 bad debt expense.

2. 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.

3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2020. Using T Accounts (See below of example T chart for problem)

4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2020. Using T Accounts (See below of example T chart for problem)

Accounts Receivable (net)
	Debit	Credit
Beginning Balance
Ending Balance