Question: On December 3 1 , 2 0 2 0 , when its accounts receivable were $ 2 4 6 , 0 0 0 and its

On December
3
1
,
2
0
2
0
,
when its accounts receivable were $
2
4
6
,
0
0
0
and its Allowance for Doubtful Accounts had an unadjusted
debit balance of $
1
,
6
0
0
,
Toy Co Corp. estimated that $
1
3
,
8
0
0
of its accounts receivable account would become uncollectible, and it
recorded the bad debts adjusting entry. On May
1
1
,
2
0
2
1
,
Toy Co determined that Fei Ya Cheng's account was uncollectible and wrote
off $
1
,
6
0
0
.
On November
1
2
,
2
0
2
1
,
Cheng paid the amount previously written off. b. what is the carrying amount of receievable on (1) dcember312020(2) may11,2021 and (3) novemeber 12,2021 aassume that the total amount of receievble 246000 is unchanged on these three dates except for any changes recorded above.

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