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please do required 1 and 2! thank you :) Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system.
please do required 1 and 2! thank you :)
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions). According to its torm IU-K, Microsott recorded bad debt expense ot $176 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current ye assuming that all of Microsoft's sales during the period were on open account. (Enter your answers in millions not in dollStep by Step Solution
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