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Assume the allowance for doubtful accounts was $1,349 and $1,761 on January 28, 2023, and...

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Accounting

Assume the allowance for doubtful accounts was $1,349 and $1,761 on January 28, 2023, and January 29, 2022, respectively. In addition, assume for the most recent fiscal year, write-offs were $2,500 and receivables collected were $425,368.

a. What was gross amount of receivables owed to DDS at the end of fiscal 2023 (4 points)? Enter your answer without dollar signs or commas.

b. What amount of credit sales did DDS record for the most recent year (4 points)? Enter your answer without dollar signs or commas.

c. Provide the journal entry (accounts and amount) DDS would record for bad debt expense in 2023 (4 points).

d. What are two of the three things (discussed in class) that DDS could do to generate cash using its receivables (2 points)?

image See notes to consolidated financial statements. See notes to consolidated financial statements

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