1. A company starts with accounts receivable of $64899 and an allowance for doubtful accounts of $6969. During the year they have $706436
of credit sales $160736 of cash sales and $5232 of accounts written off. The company estimates that 3% of credit sales will be uncollectible. What is the
AJE required at year end? (Do NOT enter any commas dollar signs etc. Just enter the number ROUNDED TO THE NEAREST DOLLAR)
2. A company starts with accounts receivable of $59006 and an allowance for doubtful accounts of $6520. During the
year they have $648489 of credit sales $201335 of cash sales and $7801 of accounts written off. The company estimates that $5197 of accounts receivable
will be uncollectible. What is the ending balance of the allowance account after all AJEs? (Do NOT enter any commas dollar signs etc. Just enter the
number)
3. A company starts with accounts receivable of $66097 and an allowance for doubtful accounts of $7125. During the
year they have $629878 of credit sales $178473 of cash sales and $5125 of accounts written off. The company estimates that $6911 of accounts receivable
will be uncollectible. What is the AJE required at year end? (Do NOT enter any commas dollar signs etc. Just enter the number)
4. A company starts with accounts receivable of $63598 and an allowance for doubtful accounts of $6749.
During the year they have $746607 of credit sales $168358 of cash sales and $7634 of accounts written off. The company estimates that 3% of credit sales
will be uncollectible. What is the ending balance of the allowance account after all AJEs? (Do NOT enter any commas dollar signs etc. Just enter the number
ROUNDED TO THE NEAREST DOLLAR)
5. A company started with A/R of $57980 and an allowance for uncollectible accounts of $171024. During the year
they had credit sales of $898555 cash sales of $3823 and wrote-off accounts receivable of $4174. At year end the company had A/R of $61335. What were
cash collections from customers on account?