Please show solutions in getting the answer. Thank you! Problem 4-10 (AICPA Adapted)Kapture Company had the following information for thecurrent year relating to accounts receivable:1,300,0005,400,0004,750,000125,000Accounts receivable, January 1Credit salesCollections from customers, excluding recoveryAccounts written offCollection of accounts written off in prior year,customer credit was not reestablishedEstimated uncollectible receivables per agingat December 3125,000165,000What is the balance of accounts receivable, before allowancefor doubtful accounts, on December 31?a. 1,825,000b. 1,850,000c. 1,950,000d. 1,990,000 Problem 4-9 (AICPA Adapted)Jinx Company provided the following information for thecurrent year in relation to accounts receivable:Accounts receivable, January 1Credit salesSales returnAccounts written offCollections from customersEstimated future sales return on December 31Estimated uncollectible accounts per aging at year-end1,300,0005,500,000150,000100,0005,000,00050,000250,000What amount should be reported as net realizable value ofaccounts receivable on December 31?a. 1,550,000b. 1,250,000c. 1,300,000d. 1,500,000

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Problem 4-9 (AICPA Adapted) Jinx Company provided the following information for the current year in relation to accounts receivable: Accounts receivable, January 1 Credit sales Sales return Accounts written off Collections from customers Estimated future sales return on December 31 Estimated uncollectible accounts per aging at year-end 1,300,000 5,500,000 150,000 100,000 5,000,000 50,000 250,000 What amount should be reported as net realizable valuo of accounts receivable on December 31? a. 1,550,000 b. 1,250,000 c. 1,300,000 d. 1,500,000

Problem 4-9 (AICPA Adapted) Jinx Company provided the following information for the current year in relation to accounts receivable: Accounts receivable, January 1 Credit sales Sales return Accounts written off Collections from customers Estimated future sales return on December 31 Estimated uncollectible accounts per aging at year-end 1,300,000 5,500,000 150,000 100,000 5,000,000 50,000 250,000 What amount should be reported as net realizable valuo of accounts receivable on December 31? a. 1,550,000 b. 1,250,000 c. 1,300,000 d. 1,500,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section: Chapter Questions

Problem 1AP

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