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Please show steps 2015 $ 3,2273,242 $25,623$23,641 2014 Balance sheets: Accounts receivable, net Income statements: Sales revenue A note disclosed that the allowance for uncollectible
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2015 $ 3,2273,242 $25,623$23,641 2014 Balance sheets: Accounts receivable, net Income statements: Sales revenue A note disclosed that the allowance for uncollectible accounts had a balance of $106 million and $93 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $34 million. Assume that all sales are made on a credit basis. Required 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2015 and 2014? 2. What is the amount of bad debt write-offs during 2015? 3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2015 4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2015 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required4 Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2015. (Enter your answers in millions.) Gross Accounts Receivable Beg. bal. Sales 25,623Step by Step Solution
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