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Superior Technical Resources (STR) balance sheet at December 31, 20X2, reported: Account receivable $382 Allowance for doubtful accounts (52) STR uses both the percentage -of-sales

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Superior Technical Resources (STR) balance sheet at December 31, 20X2, reported: Account receivable $382 Allowance for doubtful accounts (52) STR uses both the percentage -of-sales and the aging approaches to account for uncollectible receivables. How much of the December 31, 20X2, balance of accounts receivables did STR expect to collect Stated differently, what was the net realizable value of STR's receivables Journalize, without explanation 20X3 entries for STR: estimated doubtful account expense of $40, based on the percent-of sales method, all during the year Write - offs of uncollectible accounts receivable totaling $58. Prepare T-account for allowance for doubtful accounts and post to this account. Show its unadjusted balance at December 31, 20X3 December 31, 20X3, aging of receivables, which indicates that $47 of the total receivables of $409 is uncollectible at year end. Post to allowance for doubtful accounts, and show its adjusted balance at December 31, 20X3 Show how STR's receivables and related allowance will appear on December 31, 20X3 balance sheet Show what STR's income statement will report for the foregoing transactions

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