Question

Moto’s ledger shows the following account balances on December 31:
During 2013, Moto reinstated $2,500 of previously written-off accounts receivable, and recorded $21,000 bad debt expense.
Requirements
1. Calculate the written-off accounts receivable for 2013.
2. Calculate cash collections from accounts receivable, assuming that all sales were on credit.


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  • CreatedJuly 08, 2015
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