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Exercise 8-5 On December 31, 2017, when its accounts receivable were $360,000 and its account...

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Exercise 8-5 On December 31, 2017, when its accounts receivable were $360,000 and its account Allowance for Doubtful Accounts had an unadjusted debit balance of $2,400, Clinton Corp estimated that $20,200 of its accounts receivable would become uncollectible, and it recorded the bad debts adjusting entry. On May 11, 2018, Clinton determined that Fei Ya Cheng's account was uncollectible and wrote off $2,300. On November 12, 2018, Cheng paid the amount previously written off. xYour answer is incorrect. Try again What is the carrying amount of the receivables on (1) December 31, 2017; (2) May 11, 2018; and (3) November 12, 2018, assuming that the total amount of accounts receivable of $360,000 is unchanged on each of these three dates except for any changes recorded above Carrying amount December 31, 2017 337400 May 11, 2018 339700 November 12, 2018 337400

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