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yes please. reviewing work would be greag Packet Exercise 6.4 company's allowance for...

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Accounting

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yes please. reviewing work would be greag
Packet Exercise 6.4 company's allowance for doubtful accounts is $11.000 on 1/1/2018 and $16,000 on 1/1/2019. During 2018, bad debts expenses were estimated to be 3% on net credit sales of $250,000. During 2018, what was the amount of accounts receivable written off as uncollectible? (use T accounts and circle your answer) 2suu Accounts Receivable Allowance for D. A Bad Debt Expense a. Soo 11.000 7500 a 500 7500 18,500 - 16.00 2. At 1/1/18 Nelson Corp. reported a balance in Accounts Receivable of $350,000 and a credit balance in the Allowance for Doubtful Accounts of $20,000. During 2018 Nelson Corp reported the following information: Credit sales $475,000 Cash sales of $10,000 2% of all credit sales historically are proven to be uncollectible Wrote off accounts considered uncollectible of $1,400 Collected $400,000 from customers (from-credit sales only) Recovered an additional $2,000 in accounts that had previously been written off (this amount is not included in the $400,000 collected above) What is the balance of the Accounts Receivable, Net at 12/31/18? fute Taccount to save ADA AR 356,000 400 Bad debt Expense 9500 400.000 1400 100 100.000 9500 12.000 475.000 2.000 935,600D

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