Amadeus Corporation had the following information for the year 2018: 

Accounts Receivable, beginning 3,000,000

 Allowance for Doubtful Accounts, beginning 150,000

 Sales (80% on credit) 12,000,000 

Sales Returns and Allowances 200,000 

Sales Discount 120,000 

Write-off of Accounts Receivable 100,000 

Recovery of Accounts Receivable 50,000 

Collections including recovery 9,000,000

25. Compute the bad debt expense if doubtful accounts expense is 15% of net credit sales

26.Compute the ending allowance for doubtful accounts if doubtful accounts expense is 15% of net credit sales.

27. Compute the net realizable value of the ending accounts receivable if doubtful accounts expense is 15% of net credit sales

28Compute the net realizable value of the ending accounts receivable if allowance for doubtful accounts is 10% of the gross ending accounts receivable

29.Compute the bad debt expense if allowance for doubtful accounts is 10% of the gross ending accounts receivable.

30.Compute the allowance for doubtful accounts if allowance for doubtful accounts is 10% of the gross ending accounts receivable

31. Compute the allowance for doubtful accounts if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *

32. Compute the bad debt expense if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *

33. Compute the net realizable value of the accounts receivable if 75% of the ending accounts receivable are 90% recoverable, 20% are 85% recoverable, and 5% are 80% recoverable. *

34. Compute the net realizable value of the accounts receivable if doubtful accounts expense is 10% of gross credit sales

35.Compute the bad debt expense if doubtful accounts expense is 10% of gross credit sales.

 Compute the bad debt expense if doubtful accounts expense is 10% of gross credit sales.

Answer rating: 100% (QA)

25 Compute the bad debt expense if doubtful accounts expense is 15 of net credit sales Calculate Net Credit Sales Net Credit Sales Total Sales Sales Returns and Allowances Sales Discount 12000000 2000... View the full answer