V a Click Submit to complete this assessment. Question 1 The ledger for Air Space...
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V a Click Submit to complete this assessment. Question 1 The ledger for Air Space Company at the beginning of 2019 shows Accounts Receivable $270,000 and Allowance for Doubtful Accounts $35,000. Both accounts reflect the normal balance. During the yest, Company reported credit sales of $980,000 and collections of $895,000. Air Space wrote off a total of $75,000 in uncollectible account receivable but was later able to recover $30,000. Uncollectible accou are estimated to total $85,000 at the end of the period. Instructions: (All answers should include a comma and a dollar sign) Determine the ending balance in Accounts Receivable Determine the ending balance in Allowance for Doubtful Accounts Determine the bad debt expense for the period Determine the net realizable value of the receivables at the end of the period Click Submit to complete this assessment.
V a Click Submit to complete this assessment. Question 1 The ledger for Air Space Company at the beginning of 2019 shows Accounts Receivable $270,000 and Allowance for Doubtful Accounts $35,000. Both accounts reflect the normal balance. During the yest, Company reported credit sales of $980,000 and collections of $895,000. Air Space wrote off a total of $75,000 in uncollectible account receivable but was later able to recover $30,000. Uncollectible accou are estimated to total $85,000 at the end of the period. Instructions: (All answers should include a comma and a dollar sign) Determine the ending balance in Accounts Receivable Determine the ending balance in Allowance for Doubtful Accounts Determine the bad debt expense for the period Determine the net realizable value of the receivables at the end of the period Click Submit to complete this assessment.
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