Calculate gross receivables for the years given and then

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from the income statement:

Net sales 729373 678960
from the balance sheet:

Accounts receivable, net 14919 15036
Customer deposits 65465 62649
from the disclosure on Allowance fro doubdful accounts:
Balance at the beginning of period 1171 1160
Additions (reductions) charged to income 9 11
Adjustments or deductions -70 0
Balance at the end of period 1110 1171

a) prepare a Finansial statements effect template entry to record accounts receivable written off as uncollectible in 2012

b) prepare the FSET entry to record the provision for doubtful accounts (dab debts expense) for 2012.

c) Calculate gross receivables for the years given, and then determine the allowance for doubtful accounts as a percentage of the gross receivables.

Reference no: EM13482581

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