How to calculate the total outstanding receivables?
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- Also, at what amount will accounts receivable bre reported on Lewis’s December 31 Balance Sheet (what is the Net Realizable Value of its accounts receivables)1. What is the adjusting entry for the doubtful accounts expense for the current year? 2. What is the net realizable value of accounts receivable at year-end? Please include solutions with the answers. Thank you!What is the carrying value of accounts receivable as of December 31, 2016?
- 1. How much is the correct outstanding balance of accounts receivable as of December 31, 2022? 2. How much is the correct doubtful accounts expense? a. The recorded allowance for doubtful accounts for the year ended December 31, 2022 is understated by? b. The net realizable value of accounts receivable as at December 31, 2022 is?Determine the net realizable value of accounts receivable on December 31, 2019. Please show solutions along with the answers. Thank you!What is the adjusted balance of the Accounts Receivable account as of December 31, 2016?
- Brickman’s ending balance of Accounts Receivable is $19,500. Use the data in the preceding question to compute the net realizable value of Accounts Receivable at year-end. $16,800 $19,500 $17,400 $17,900Determine the following (1-3)::: 1. What is the accounts receivable balance, net of uncollectible accounts, at the end of December? 2. What is the accounts payable at the end of December? 3. What is the retained earnings at the end of December?The net realizable value of the accounts receivable at December 31, 2021 isoverstated (understated) by: Please include solutions. Thank you!
- Questions: a. The allowance for doubtful accounts as of December 31, 2023 is?. b. The adjusted gross balance of accounts receivables is? c. The doubtful accounts expense for the year 2023 is?1. What is the balance of Accounts receivable as of December 31, 2022? 3,854,000 3,674,000 3,774,000 5,154,000 2. What is the amount of the current accounts receivable that might prove to be uncollectible? 65,400 63,400 67,000 77,080 3. What is the balance of the allowance for uncollectible accounts before adjustments on December 31, 2022? 60,000 credit 81,000 credit 20,000 debit 161,000 credit 4. How much increase in the allowance for uncollectible accounts is required on December 31, 2022? 57,400 40,320 43,600 137,400 5. What is the balance of the allowance for uncollectible accounts after all the necessary adjusting entries on December 31, 2022? 127,480 60,000 113,800 117,400Questions: a. The net realizable value of accounts receivable as of December 31, 2023 is? b. Your proposed adjusting journal entry to correct the balance of allowance for bad debts would include a net debit or credit of? (just indicate the amount)
