Ch. 5 problem 5-24. Accounts recievable balance, Jan. 1, 2012 $52,500, allowance fo

Ch. 5 problem 5-24. Accounts recievable balance, Jan. 1, 2012 $52,500, allowance fo

Ch. 5 problem 5-24. Accounts recievable balance, Jan. 1, 2012 $52,500, allowance for doubtful accts, Jan. 1, 2012, $4,725. sales on account(2012)= 925,000. cost of
goods sold(2012)= 615,000. collection of accounts recievable(2012)= 835,000. Leslie wrote off 3,100 of accts and estimates bad debt expense will be .5 % of sales
on acct. a) Compute using the allowance method, the amount of uncollectible accounts expense for 2012. B) net realizable value of recievables at end of 2012.

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