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Page 1 of 2 255 words M Q II G 1 Normal 1 No Spac Heading Likely to be Number of Days Past Duc Receivables

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Page 1 of 2 255 words M Q II G 1 Normal 1 No Spac Heading Likely to be Number of Days Past Duc Receivables Amount Uncollectible Current $ 29,500 1N 0-30 $ 16.700 59 31-60 S 11.000 10% 61-90 S 9.400 25% Over 90 $ 2.300 50% Total S 68.900 Indicate whether each of the following statements is true or false. a) Barnes will report Net Realizable Value of Accounts Receivable equal to $63,170 on its December 31, 2013 balance sheet. b) Barnes will report Uncollectible Accounts Expense of $5.730 on its 2013-income statement. c) The December 31 adjusting entry related to uncollectible accounts will decrease assets and equity by $3,230. 08 P ON X +100% 10:46 AM 5/26/2022

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