Question
On December 31,2023 , when its accounts receivable were $270,000 and its Allowance for Expected Credit Losses had an unadjusted debit balance of $1,800, Macaron
On December 31,2023 , when its accounts receivable were $270,000 and its Allowance for Expected Credit Losses had an unadjusted debit balance of $1,800, Macaron Corp. estimated that $15,100 of its accounts receivable account would become uncollectible, and it recorded the credit losses adjusting entry. On May 11, 2024, Macaron determined that Fei Ya Cheng's account was uncollectible and wrote off $1,700, On November 12, 2024, Cheng paid the amount previously written off. b) What is the carrying amount of the receivables on (1) December 31, 2023: (2) May 11, 2024; and (3) November 12, 2024, assuming that the total amount of accounts receivable of $270,000 is unchanged on each of these three dates except for any changes recorded in part (a)
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