accounting queston 2

Accounting
Tutor: None Selected Time limit: 1 Day

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/fGDKWv1

any help would be appreciated

Feb 20th, 2015

a).The amount given for beginning balance is $4,000.  $32,000 was added and $300 subtracted. That leaves a balance of $35,700.  So, in order for there to be an ending balance of $4,500, $31,200 must have been collected ($35,700 - $4,500) 

Collections of accounts receivable  is $31,200 


b). The beginning balance was $550. $300 was subtracted from that to leave a balance of $250. If the ending balance is $600, $350 must have been recognized as bad debt expense. ($600 - $250) 

The amount of uncollectible accounts expense  is $350

Feb 20th, 2015

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