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The statement of financial position of Sarasota SA at December 31, 2021, includes the following (in thousands). Notes receivable Accounts receivable Less: Allowance for doubtful
The statement of financial position of Sarasota SA at December 31, 2021, includes the following (in thousands). Notes receivable Accounts receivable Less: Allowance for doubtful accounts R$46,080 233,040 22,240 R$256,880 ansactions in 2022 include the following. Accounts receivable of R$182,400 were collected including accounts of R$72,000 on which 2% sales discounts were allowed. R$6,640 was received in payment of an account which was written off the books as worthless in 2021. (Hint: Reestablish the receivable account.) Customer accounts of R$22,400 were written off during the year. At year-end. Allowance for Doubtful Accounts was estimated to need a balance of R$25,600. This estimate is based on a analysis of aged accounts receivable, Account Titles and Explanation Debit Credit Cash Sales Discounts Accounts Receivable Accounts Receivable Allowance for Doubtful Accounts (To reinstate the accounts receivable) Cash Accounts Receivable (To record the collection on account) Allowance for Doubtful Accounts Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts The statement of financial position of Sarasota SA at December 31, 2021, includes the following (in thousands). Notes receivable Accounts receivable Less: Allowance for doubtful accounts R$46,080 233,040 22,240 R$256,880 actions in 2022 include the following, Accounts receivable of R$182,400 were collected including accounts of R$72,000 on which 2% sales discounts were allowed. R$6,640 was received in payment of an account which was written off the books as worthless in 2021. (Hint: Reestablish the receivable account.) Customer accounts of R$22.400 were written off during the year. At year-end. Allowance for Doubtful Accounts was estimated to need a balance of R$25,600. This estimate is based on an analysis of aged accounts receivable
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