Arbour Inc. had the following balances on its balance sheet atthe beginning of year 4. The balances in the two accounts are"normal" (so Accounts receivable is a positive asset and theallowance is a negative asset). Note that net realizable value isNOT an account balance. It is Accounts receivable net of theallowance balance.
AccountsReceivable.................................61000
Allowance for uncollectibleaccounts........7300
Net realizablevalue...................................53700
During the year, Arbour recorded the following:
--Sales on account of.....................$660000
--Collections on account of............$633600
--Write-offs of delinquent accounts.... $18700
At the end of Year4, Arbour Company recorded an adjusting entrythat recognized $19800 of bad debt expense.
Enter all normal balances as positive numbers (just a number, no+ sign.)
1. What would be the balance in Accounts Receivable after all ofthe entries above?
2. What would be the balance in the Allowance for UncollectibleAccounts after all of the entries above?
