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Minta Coiparation, Is a teading manufacture of sports apparel, stioes, and equipment Ilie company/s 2020 finarietal statements contain the following informatlon (\$, in millions) Assume that all sales are made on a credil basis. Required: 1. What is the amount of gross (totai) accounts recelvable due from customers at the end of 2020 and 2019 ? 2. Assume that bad debt expense is included in "amortization, impairment and other," such that the 2020 decrease in accounts receivable of \$1,248 reflects only the difference between sales and collections. Prepare a T account that depicts how sales, collections, bad debt expense, and writeofis of bad debts affect the balance of net accounts recelvable with a debit, a credit of not at all, and estimate Minta's 2020 bad debt expense. 3. Prepare a T account that depicts how bad debl expense and writeoffs of bad debts affect the balance ofthe allowance for uncollectible accounts with a debit, credit or not at all, and estimate the amount of bad debts written off by Minta during 2020 . 4. Analyze changes in the gross accounts recelvable account to calculate the amount of cash recelved from customers during 2020. 5. Analyze changes in net accounts recelvable to calculate the amount of cash recelved from customers during 2020. Complete this question by entering your answers in the tabs below

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