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Record accounts receivable as of january

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In The month of January of the year 2021, the company of maintenance services of refrigeration equipment, Cooling Chécheres S.A.., provided services for a total price of $ 634,000 and gave a discount to its customers for a value of $ 62,100.All payment for the services is made on credit and the value will be paid in full in the month of March. The total cost of providing the services (labor, transportation, tools, etc.) was $223,800. The company estimates that 4% of its accounts receivable will be the provision of uncollectible accounts.

  • On February 1, one of the clients who owed $4,760 to the company informed the company that it will be impossible for him to pay this debt and that he must wait for the court ruling on his bankruptcy filing before making any collection claims.

Required:

Problem 1: Record Accounts Receivable as of January 31, 2021 (which includes calculation of Net Accounts Receivable)

Problem 2: Post accounts receivable as of February 28, 2021.

Reference no: EM132916821

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