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Question Completion Status: QUESTION 12 14 points Accounts Receivable Evans Engraving specializes in custom engraved awards, plaques, and trophies. During 2074, it had $400,000 of total gross sales. $300,000 of which were on account. Evans collected $260.000 from its customers during the year. wrote-off $16.000 of uncollectible receivables, and gave $18.000 in sales discounts to customers. Complete the following t-accounts related to the company's 20Y4 receivables transactions. Alsume that Evans uses the Percentage of Receivables method of determining bad debts and estimates 2% of its outstanding receivables will become uncollectible Enter dollar values with no dollar sign and appropriate commas (0.9.5.000). Every box in each t-account relates to a separate transaction and every box needs an answer. If there is no dollar value for the box, put a "o" in the space provided. If the t-account is not used write "Blank" for the account title. ASSETS LIABILITIES EQUITY + Cash Sales Revenue Accounts Receivable 11 BAL 180,000 Sales Discounts Question Completion Status: Accounts Receivable 1/1 BAL 180,000 Sales Discounts Bad Debt Expense Allowance for Doubtful Accounts 3,600 BAL 1/1 What is the 12/31/Y4 Cash (Net Realizable Value of Accounts Receivable? POTASR

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