*Prepare t-accounts for cash, A/R, the allowance for DA, income statement

*Prepare journal entries for each situation

*Find net accounts receivable

-A company begins 2019 with the following balances: Account receivable = $230,00 (debit)

Allowance for doubtful account = $6000 (credit)

Credit sales = $500,000

Cash collections = $600,000

- Bad debt expense was 1% of credit sales.

-Accounts written off were $4800

-On 12/31/19, the company re-examined its accounts receivable.

-It performed an aging accounts

Greater than 90 days outstanding :	5,000	write all of these off as zero percent is considered collectible
Between 30 days and 90 outstanding :	20,0000	20% will be uncollectible
Less than 30 days outstanding :	remaining amount	5% will be uncollectible