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What is ending balance of Allowance for Doubtful accounts

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Question - Background Information:

Sales on account: $300,000

Cash Sales: $580,000

Collections of accounts receivable: $275,000

Uncollectible accounts charged off during the year: $1,750

1% of sales on account will not be collected.

a. What is the accounts receivable balance on December 31, 2017?

b. What is the ending balance of Allowance for Doubtful accounts at December 31, 2017 after all adjusting entries are posted?

c. What is the amount of uncollectible accounts expense for 2017?

d. What is the net realizable value of accounts receivable at December 31, 2017.

Reference no: EM132568221

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