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please help with part a sections that are incorrect 14 The following information comes from the accounts of James Company: 1.47 points Account Title Accounts
please help with part a sections that are incorrect
14 The following information comes from the accounts of James Company: 1.47 points Account Title Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Beginning Balance $28,500 1,590 46,100 960 Ending Balance $38,600 2,310 46,100 $ 4,072 Required a. There were $184,800 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period? b. The note receivable has a two-year term with a 6.75 percent interest rate. What amount of interest revenue was recognized during the period? How much cash was collected from interest? (Round final answers to whole dollars.) Answer is complete but not entirely correct. Cash collected Uncollectible accounts expense Net realizable value Interest revenue recognized for the period Cash collected from interest $ 38,600 $ 1,800 $36.290 b $ 3.112 $ 0 Step by Step Solution
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