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What is the amount of uncollectible accounts expense

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Question 1: Calculation of Accounts Receivable, Allowance for Doubtbul Accounts, Uncollectible Expense and Net Realizable Value Directions: complete the following problems

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

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

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

Question c) What is the amount of uncollectible accounts expense for 2017

Question d) What is the net realizable value of accounts receivable at December 31.2017

Reference no: EM132465343

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