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Question 12 2 pts Henderson Corporation began 2020 with a $16,000 balance in accounts receivable and a $400 balance in the allowance for doubtful accounts.
Question 12 2 pts Henderson Corporation began 2020 with a $16,000 balance in accounts receivable and a $400 balance in the allowance for doubtful accounts. The company had credit sales (sales on account) of $40,000 and collections on accounts receivable of $33,000. The company uses the allowance method and estimates that 2% of its credit sales will be uncollectible. The company had actual write-offs during 2020 of $300. The balance in the accounts receivable account of Henderson Corporation at the end of 2020 would be $22,200 $23,300 $23,000 O $22.700 Question 13 2 pts Using the information provided in Question 12 and assuming no other entries were recorded to uncollectible accounts expense during 2020, the amount of the adjustment to Henderson's uncollectible accounts expense appearing on the 2020 income statement would be $800 O $300 O $700 O $1,100 D Question 14 2 pts Using the information provided in Question 12, the net realizable value of Henderson's accounts receivable at the end of the year would be $21,500 $21,800 $22,700 $21.900
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