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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: 60000
Allowance for doubtful accounts: -9000
The following summary transactions occurred during the year.
Sales for the year, 100% on credit: 100000
Cash collected on accounts receivable for the year: 104000
Write-offs of uncollectable accounts receivable: 7200
Received a cheque from a customer whose account was previously written off: 720 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?
A
What is the balance in the allowance for doubtful accounts at year end?
A
What is the balance in the bad debt expense account at year end?
A
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