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The F1 Company has provided the following information: I. Accounts receivable written-off as uncollectible during the year amounted to $11.500. The accounts receivable balance at
The F1 Company has provided the following information: I. Accounts receivable written-off as uncollectible during the year amounted to $11.500. The accounts receivable balance at the beginning of the year was $150,000. The accounts receivable balance at the end of the year was $210.000. The allowance for doubtful accounts balance at the beginning of the year was $14.000 The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12.900. Credit sales during the year totaled $900,000. How much was F1 Company's bad debt expense? 2. Fi Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $200,000 Accounts receivable increased $18.000 Loss on sale of a building was $22.000 Wages payable increased $14.000 Unearned revenue decreased $21,000 Using the Indirect method, how much was Fi's net cash provided by operating activities
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