Question #3

w During 2015, credit sales were $1,750,000. cash collections from customers $1830.000 and $35.000 in accounts receivable were en of in edition, $3,000 was collected from a customer whose account was written off in 2017 An aging of accounts receivable at December 31, 2018 reveals the following Dercentage of Year End Receivables In Group Percent Uncollectible Age Group Duer 120 days Required: 1. Prepare Summary journal entines to account for the 2018 write-offs and the collection of the receivable previously written of 2. Prepare the year-end acusting entry for bad debts according to each of the following situations b Bad debt expense is estimated to be 3 of credit sales for the ad debt expense is estimated by computing not realizable value of the receivables The allowance for uncollectible accounts is stimated to be 10% of the yoond balance in accounts receivable C. Bad debt expense is estimated by computing not realable value of the receives the allowance for uncollectible accounts is determined by an aging of accounts receivable, ations tal-in requirement 2 above, what would be the not amount of accounts receivable reported in the Fr Sheet balance Complete this question by entering your answers in the tabs below For sac balance sheet rem ent above what would be the net amount of accounts receivable reported