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The following is the accounts receivable information for Roy Inc. for December 31, 2013. Historically, Roy Inc. has not collected: 2% of receivables less than

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The following is the accounts receivable information for Roy Inc. for December 31, 2013. Historically, Roy Inc. has not collected: 2% of receivables less than 30 days old, 6% of receivables 31 to 60 days old, 30% of receivables 61 to 120 days old, and 60% of receivables greater than 120 days old. a. Compute the allowance for bad debts ending balance b. How much will Roy record on its balance sheet for December 31, 2013 as net Accounts for Receivable

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