Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information (\$ in millions): A note disciosed that the allowance for uncollectible accounts had a balance of $39 million and $63million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $60 million. Assume that all sales are made on a credit basis. Required: 1. What is the amount of gross (tota) accounts receivable due from customers at the end of 2017 and 2016 ? 2. What is the amount of bad debt write-offs during 2017? 3. Analyze changes in the following Accounts Recelvable (gross) T-account to calculate the amount of cash received from customers during 2017. 4. Analyze changes in the following Accounts Receivable (net) T-account to calculate the amount of cash recelved from customers during 2017 Complete this question by entering your answers in the tabs below. Analyze changes in the following Accounts Recelvable (9ross) T-account to calculate the amount of cash recelved from customers during 2017. (Enter your Answers in millions.) A note disciosed that the allowance for uncollectible accounts had a balance of $39 million and $63 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $60 million. Assume that all sales are made on a credit basis. Required: 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016 ? 2. What is the amount of bad debt write-offs during 2017 ? 3. Analyze changes in the following Accounts Receivable (gross) T-account to calculate the amount of cash received from customers during 2017. 4. Analyze changes in the following Accounts Receivable (net) T-account to calculate the amount of cash received from customers during 2017. Complete this question by entering your answers in the tabs below. Analyze changes in the following Accounts Receivable (gross) T-account to calculate the amount of cash received from customers during 2017. (Enter your answers in miltions.) A note disclosed that the allowance for uncollectible accounts ha a be 7ce of $39 milion and $63 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $60 million. Assume that all sales are made on a credit basis. Required: 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016 ? 2. What is the amount of bad debt write-offs during 2017? 3. Analyze changes in the following Accounts Recelvable (gross) T-account to calculate the amount of cash recelved from customer during 2017. 4. Analyze changes in the following Accounts Receivable (net) T-account to calculate the amount of cash received from customers during 2017. Complete this question by entering your answers in the tabs below. Analyze changes in the following Accounts Receivable (net) T-account to calculate the amount of cash received from customers during 2017. (Enter your answers in millions.)
