www INI ble was $700,000 at the beginning of the year and 5780,000 at ales for the year totaled $4.110.000 During the war, 530 000 in How much cash was collected from customers during the The balance in Accounts Receivable was 57000 the end of the year Credit sales for the year customer accounts were written on How much cash period A) 53.600.000 B) 54.030.000 C) $4.460.000 D) 54.620.000 nating uncollectible accounts, the entry to record the 1 Under the allowance method for estimating uncollectible accounts estimated bad debts: A) increases total assets B) reduces net income has no effect on total assets D) has no effect on net income 15. Using the aging-of-accounts-receivable method, you estimate that total uncollectible accounts are 53.800. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of S1.100. The amount of the adjusting entry should be A) $4.900 B) 53.800 C) $2,700 D) SI,100 16. On the maturity date, the payee of a note will: A) debit Cash, credit Note Receivable and Interest Revenue B) debit Cash, credit Note Payable and Interest Expense debit Cash, credit Note Receivable and Interest Expense D) debit Cash, credit Note Payable and Interest Revenue 17. On December 31, 2017. James Company has an accounts receivable balance of 5324,000 before any year-end adjustments. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable: Total Balance 5324,000 Percent uncollectible 1-30 days 57,000 1% 31-60 days 599,000 2% 11.90 days $51,000 4% over 90 days $27,000 21% What is the Uncollectible Account Expense at December 31, 2017 AJ 51,570 8) 59,960 C) 511.060 D) 512.160