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Recording Write-Offs and Computing Net Receivables Andler Inc. estimates that an allowance of...

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Accounting

Recording Write-Offs and Computing Net Receivables
Andler Inc. estimates that an allowance of $12,000 is required on its accounts receivable balance of $240,000 as of December 31 of Year 1.
Required
a. What is the net amount expected to be collected on its accounts receivable as of December 31 of Year 1?
$
b. On February 1 of Year 2, the company determined that $3,000 of specific accounts receivable would be written off.
Prepare the journal entry required to write off these accounts.
What is the net amount expected to be collected on its accounts receivable after the write-off?
$
c. On February 15 of Year 2, the company unexpectedly collected $750 of the accounts written off on February 1 of Year 2.
Prepare the journal entries required upon collection of these accounts.
What is the net amount expected to be collected on its accounts receivable after the collection?
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