Current Attempt in Progress The following information relates to Cullumber Company's accounts receivable Accounts receivable balance...

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Current Attempt in Progress The following information relates to Cullumber Company's accounts receivable Accounts receivable balance on December 31, 2023 $948,000 Allowance for expected credit losses balance on December 31, 2023 57,000 Credit sales made in 2024 5,818,000 Collections from customers on account in 2024 4,905,000 Accounts receivable written off in 2024 83,000 Accounts previously written off that were recovered in 2024 (not included in the collections above) 8,000 After grouping its receivables by geographic region, the credit risk characteristic identified as being best for determining credit losses, and estimating the expected rate of credit losses for each group, the company estimates that the total expected credit losses at December 31, 2024, will be $81,000. The allowance account is to be adjusted accordingly. (a) Your answer is correct Calculate the ending balance in Accounts Receivable, as at December 31, 2024. Accounts receivable $ eTextbook and Media 1778000 (b) Calculate the Allowance for Expected Credit Losses balance, before adjustment, as at December 31, 2024. Attempts: 1 of 5 used Allowance for expected credit losses unadjusted balance as at December 31, 2024 was a credit of $ eTextbook and Media Save for Later Last saved 17 minutes ago. Attempts: 0 of 5 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress The following information relates to Cullumber Company's accounts receivable Accounts receivable balance on December 31, 2023 $948,000 Allowance for expected credit losses balance on December 31, 2023 57,000 Credit sales made in 2024 5,818,000 Collections from customers on account in 2024 4,905,000 Accounts receivable written off in 2024 83,000 Accounts previously written off that were recovered in 2024 (not included in the collections above) 8,000 After grouping its receivables by geographic region, the credit risk characteristic identified as being best for determining credit losses, and estimating the expected rate of credit losses for each group, the company estimates that the total expected credit losses at December 31, 2024, will be $81,000. The allowance account is to be adjusted accordingly. (a) Your answer is correct Calculate the ending balance in Accounts Receivable, as at December 31, 2024. Accounts receivable $ eTextbook and Media 1778000 (b) Calculate the Allowance for Expected Credit Losses balance, before adjustment, as at December 31, 2024. Attempts: 1 of 5 used Allowance for expected credit losses unadjusted balance as at December 31, 2024 was a credit of $ eTextbook and Media Save for Later Last saved 17 minutes ago. Attempts: 0 of 5 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.