The cash reported at December 31, 2020, reflects the following items: petty cash $1,560 and postage stamps $110. The other current assets balance at December 31, 2020, includes the checking account balance of $3,990.
2.		On November 30, 2020, Pina agreed to accept a 6-month, $5,030 note bearing 12% interest, payable at maturity, from a major client in settlement of a $5,030 bill. The above balances do not reflect this transaction.
3.		Pina factored some accounts receivable at the end of 2020. It transferred accounts totaling $10,000 to Final Factor, Inc. with recourse. Final Factor will receive the collections from Pinas customers and will retain 2% of the balances. Final Factor assesses Pina a finance charge of 3% on this transfer. The fair value of the recourse liability is $350. However, management has determined that the amount due from the factor and the fair value of the resource obligation have not been recorded, and neither are included in the balances above.
4.		Pina charged off uncollectible accounts with balances of $1,780. On the basis of the latest available information, the 2020 provision for bad debts is estimated to be 2.5% of accounts receivable.

Based on the above transactions, determine the balance for (1) Accounts Receivable and (2) Allowance for Doubtful Accounts at December 31, 2020. (Round answers to O decimal places, e.g. 125.) Accounts receivable ending balance $ 61720.00 Allowance for doubtful ending balance $ 1543.00 e Textbook and Media Your answer is partially correct. Prepare the current assets section of The Pina Pub's balance sheet at December 31, 2020. (Round answers to 0 decimal places, e.g. 125.) THE PINA PUB Balance Sheet December 31, 2020 Cash Accounts Receivable Other Compute Pina's current ratio and accounts receivable turnover for December 31, 2020. The accounts receivable turnover in 2019 was 4.37. (Round answers to 2 decimal places, e.g. 52.75.) Current ratio Accounts receivable turnover times e Textbook and Media Based on the above transactions, determine the balance for (1) Accounts Receivable and (2) Allowance for Doubtful Accounts at December 31, 2020. (Round answers to O decimal places, e.g. 125.) Accounts receivable ending balance $ 61720.00 Allowance for doubtful ending balance $ 1543.00 e Textbook and Media Your answer is partially correct. Prepare the current assets section of The Pina Pub's balance sheet at December 31, 2020. (Round answers to 0 decimal places, e.g. 125.) THE PINA PUB Balance Sheet December 31, 2020 Cash Accounts Receivable Other Compute Pina's current ratio and accounts receivable turnover for December 31, 2020. The accounts receivable turnover in 2019 was 4.37. (Round answers to 2 decimal places, e.g. 52.75.) Current ratio Accounts receivable turnover times e Textbook and Media