Answer:
a) Accounts Receivable 2015 = $443,000 2014 = $515,600
b) Bad Debt Expense = $144,100
c) Gross sales = $6,083,300
d) Cash collected from Customers = $6,005,000
Explanation:
a and b are given.
c) Gross Sales = $6,076,500 + $6,800 = $6,083,300
d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables
= $515,600 + $6,076,500 - $144,100 - $443,000
=$6,005,000
