of $338 and $300, Footnoters $ 385 S 355 Required Answer the following questions assuming that Ameritech uses the allowance method to estimate had debts (pro vision for uncolectibles) and that all revenues are credit sales a Are estimated uncollectible accounts increasing or decreasing as a percentape of revenues? b What amoust of write-offs of accounts receivable were recorded during Year 8? c. What amount of cash was collected on receivables during Year 87 d. If the provision for uncollectibles appeared in the statement of cash flows, where would it be shown? Explain. Re Wornd Analyais Notes to the Year 4 annual report of Tyrex Oil Company, located in Casper, Wyomingfollow Comparing Aem Methods of Reconding and Raperting lad Debs L04, 7 Bad Debts-The direct write-off method of accounting fer uncollectible accounts receivable is ubilized whereby an account is writen off only when determined to be uncollectible. The results of his method do not vary materialy from the prelerred method Notes to the Year 4 annual report of Wyoming Oil and Minerals Inc., which engages principally in the explors tion, development, and production of oil and gas, included the following The Company uses the direct wite-off method for bad debes which expenses uncollectible accounts in the year they become uncolectible Any diference between this method and the allowance method is not material The Year 4 halance sheet of Sci Systems Inc.a govermment contracting firm, included the following June 30 Year 4 Year 3 Accounts receivable, net of $4,267,000 alowance in Year 4 and $4,600,000 in Year 3. 247.004,000 $201 919000 Neither its income statement nor its statement of cash flows listed bad debk expense. Its notes included the folowing incontax eag erse dners hom armourns cumenty payable. ascertan revenues and expenses are reponed n periods which difer from those in which they are taxed. The principal diferences are that for income tax purpos es: (a) income from certain long term contracts is repoed in accordance with income tax regulations (b) accel erated depreciation of certain fxed assets is usedt, (c) te direct write-off method for doubttul accounts is used of $338 and $300, Footnoters $ 385 S 355 Required Answer the following questions assuming that Ameritech uses the allowance method to estimate had debts (pro vision for uncolectibles) and that all revenues are credit sales a Are estimated uncollectible accounts increasing or decreasing as a percentape of revenues? b What amoust of write-offs of accounts receivable were recorded during Year 8? c. What amount of cash was collected on receivables during Year 87 d. If the provision for uncollectibles appeared in the statement of cash flows, where would it be shown? Explain. Re Wornd Analyais Notes to the Year 4 annual report of Tyrex Oil Company, located in Casper, Wyomingfollow Comparing Aem Methods of Reconding and Raperting lad Debs L04, 7 Bad Debts-The direct write-off method of accounting fer uncollectible accounts receivable is ubilized whereby an account is writen off only when determined to be uncollectible. The results of his method do not vary materialy from the prelerred method Notes to the Year 4 annual report of Wyoming Oil and Minerals Inc., which engages principally in the explors tion, development, and production of oil and gas, included the following The Company uses the direct wite-off method for bad debes which expenses uncollectible accounts in the year they become uncolectible Any diference between this method and the allowance method is not material The Year 4 halance sheet of Sci Systems Inc.a govermment contracting firm, included the following June 30 Year 4 Year 3 Accounts receivable, net of $4,267,000 alowance in Year 4 and $4,600,000 in Year 3. 247.004,000 $201 919000 Neither its income statement nor its statement of cash flows listed bad debk expense. Its notes included the folowing incontax eag erse dners hom armourns cumenty payable. ascertan revenues and expenses are reponed n periods which difer from those in which they are taxed. The principal diferences are that for income tax purpos es: (a) income from certain long term contracts is repoed in accordance with income tax regulations (b) accel erated depreciation of certain fxed assets is usedt, (c) te direct write-off method for doubttul accounts is used