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The following information comes from the accounts of James Company on December 31 : Required a. There were $180,200 of sales on account during the

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The following information comes from the accounts of James Company on December 31 : Required a. There were $180,200 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cosh collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of recelvables at the end of the accounting period? b. The note receivable has an annual interest rate of 4.25 percent and a two-year term (8.50 percent interest rate over the life of the note). Whot amount of interest revenue was recognized during the period? How much cash was collected from interest? (Round your answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. There were 5180,200 of sales an account dunng the accounting period. Write-offs of uncolnctible accounts were 51,600 . What was the amount of cash collected from occounts receivable? What amount of uncolectible sccounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period

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