Arizona Company reported accounts receivable of $21,200,000 at the end of its 2009 fiscal year. This amount was net of an allowance for doubtful accounts of $1,456,000. During 2010, Georgia sold $72,300,400 of merchandise on credit. It collected $48,520,555 from customers. Accounts valued at $2,125,000 were written off as uncollectible during 2010. Arizona's management estimates that 8% of the year-end accounts receivable balance will be uncollectible.
- What amount will Arizona report for accounts receivable? Show your computations to earn credit.
- What is the balance for the allowance for doubtful accounts at the end of 2010? (round to whole numbers). Show computations to earn credit.
- What is the doubtful accounts expense for 2010? Show computations to earn credit.