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  3. a business has the following balances at the begin

A business has the following balances at the beginning of the year: Accounts receivable:...

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Accounting

A business has the following balances at the beginning of the year:
Accounts receivable: 115000
Allowance for doubtful accounts: -17250
The following summary transactions occurred during the year.
Sales for the year, 100% on credit: 210000
Cash collected on accounts receivable for the year: 211200
Write-offs of uncollectable accounts receivable : 13800
Received a cheque from a customer whose account was previously written off: 1380
The overall rate used to estimate the allowance for doubtful accounts at year end:
14%
Using the information above, answer the following questions. Enter the digits only -
no dollar signs, commas, or decimal points. IMPORTANT - enter your answer to the
second question (the balance in the allowance) as a NEGATIVE number, with a minus
sign (-) in front of the digits.
What is the balance in the accounts receivable account at year
end?
What is the balance in the allowance for doubtful accounts at year
end?
What is the balance in the bad debt expense account at year
end?
A
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