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

As posted multiple independent questions we are answering only first question kindly repost the…

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

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 25E

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Problem 4-10 (AICPA Adapted)
Kapture Company had the following information for the
current year relating to accounts receivable:
1,300,000
5,400,000
4,750,000
125,000
Accounts receivable, January 1
Credit sales
Collections from customers, excluding recovery
Accounts written off
Collection of accounts written off in prior year,
customer credit was not reestablished
Estimated uncollectible receivables per aging
at December 31
25,000
165,000
What is the balance of accounts receivable, before allowance
for doubtful accounts, on December 31?
a. 1,825,000
b. 1,850,000
c. 1,950,000
d. 1,990,000

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 value of
accounts receivable on December 31?
a. 1,550,000
b. 1,250,000
c. 1,300,000
d. 1,500,000

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