hello, I need help please A portion of the current assets section of the December 31, 2020, balance sheet for Carr Co. is presented here:Accounts receivableLess: Allowance for bad debts$44,000(7,100)$36,900The company's accounting records revealed the following information for the year ended December 31, 2020:Sales (all on account)Cash collections from customers$ 413,000426,00015,50012,900Accounts written offBad debts expense (accrued at 12/31/20)Required:Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019, and preparethe appropriate balance sheet presentation for Carr Co., as of that point in time. (Hint Use T-accounts to analyze the AccountsReceivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account.).A+Docamber 31 2019Next $ 413,000426,00015,50012,900Sales (all on account)Cash collections from customersAccounts written offBad debts expense (accrued at 12/31/20)Required:Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019, and preparethe appropriate balance sheet presentation for Carr Co., as of that point in time. (Hint. Use T-accounts to analyze the AccountsReceivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account.)At December 31, 2019Accounts receivableLess: Allowance for bad debtsAccounts receivable (Net)

Accounts receivable indicate the balances on accounts of customers to whom the company sold goods on…

Answered: A portion of the current assets section…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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hello, I need help please

A portion of the current assets section of the December 31, 2020, balance sheet for Carr Co. is presented here:
Accounts receivable
Less: Allowance for bad debts
$44,000
(7,100)
$36,900
The company's accounting records revealed the following information for the year ended December 31, 2020:
Sales (all on account)
Cash collections from customers
$ 413,000
426,000
15,500
12,900
Accounts written off
Bad debts expense (accrued at 12/31/20)
Required:
Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019, and prepare
the appropriate balance sheet presentation for Carr Co., as of that point in time. (Hint Use T-accounts to analyze the Accounts
Receivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account.).
A+Docamber 31 2019
Next

$ 413,000
426,000
15,500
12,900
Sales (all on account)
Cash collections from customers
Accounts written off
Bad debts expense (accrued at 12/31/20)
Required:
Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019, and prepare
the appropriate balance sheet presentation for Carr Co., as of that point in time. (Hint. Use T-accounts to analyze the Accounts
Receivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account.)
At December 31, 2019
Accounts receivable
Less: Allowance for bad debts
Accounts receivable (Net)

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The following is a portion of the current asset section of the balance sheets of HiROE Co., at December 31, 2020 and 2019:

	12/31/20	12/31/19
Accounts receivable, less allowance for uncollectible accounts of $23,000 and $11,000, respectively	$457,000	$359,000

e-2. What factors might have caused the change in this ratio?

Check All That Apply

Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.
Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.
Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020.
Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020.
Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019.
Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019.
Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019.
Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019.
Proportionately fewer bad accounts were actually written off during 2020.
Proportionately fewer bad accounts were actually written off during 2020.
Proportionately fewer bad accounts were actually written off during 2019.
Proportionately fewer bad accounts were

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