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The following information comes from the accounts of James Company on December 31: Required 3. There were $175,700 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What was the amount of cash collected from accounts recelvable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period? b. The note recelvobie has an annual interest rate of 3.75 percent and a two-year term 7.50 percent interest rato over the life of the note). What amount of interest revenue was recognized during the period? How much cash was collected from interest? (Round your answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. The note recelvable has an annual interest rate of 3.75 percent and a two-year term (7.50 percent interest rate over the tife of the noto). What amount of interest revenue was recognited during the period? How much cash was collected from interest? (Round your amwers to the nearest dolar omount.) The following information comes from the accounts of James Company on December 31: Required a. There were $175,700 of sales on account during the accounting period. Write-offs of uncollectible accounts were $1,800. What wa: the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of recelvables at the end of the accounting period? b. The note receivable has an annual interest rate of 3.75 percent and a two-year term (7.50 percent interest rate over the life of the note). What amount of interest revenue was recognized during the period? How much cash was collected from interest? (Round your answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. There were 5175,700 of saies on eccount during the accounting period. Write-offs of uncoliectible accounts were 31,800 . What was the amount of cash coliected from accounts recelvabie? What amount of uncolitectible accounts expensio was ieported on the income statement? What was the net realizabie value of recelvables at the end of the occountine period

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