Question: Please help Exercise 2 up to 5 points In order to conrm the reported $ 141,500 ending accounts receivable balance in the general ledger, your

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Please help Exercise 2 up to 5 points In order to
Exercise 2 up to 5 points In order to conrm the reported $ 141,500 ending accounts receivable balance in the general ledger, your external auditor perfroms a test using transactions recorded and the ending inventory count to calculate an estimate of ending accounts receivable balance as part of substantive testing. In addition to the reported $ 141,500 ending accounts receivable balance in the general ledger, the other available information includes: 1. Cash collections from customers 225,000 2. Inventory purchases 375,000 3. Ending inventory 135,000 4. Sales prices at 150% of inventory cost 5. All sales are made on account. Requirements Answer Calculate expected ending accounts receivable E Calculate any apparent Overage(Shortage). Show your calculations in the work area to the right. Failure to show your work will result in no credit for this exercise

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