Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. In a recent annual report, Microsoft reported the following information about trade receivables and net sales revenue:

According to its annual report, Microsoft recorded bad debt expense of $ 14 during year 2 and did not reinstate any previously written- off accounts.
Required:
1. What amount of bad debts was written off during year 2?
2. Assuming that all of Microsoft€™s sales during the period were on open account, compute the amount of cash collected from customers for year 2.

Trade receivables, net of allowances of $333 and $375 Net revenues Year 2 Year 1 $14.987 $13,014 68,643 62484