from 35.8 days to 33.0 days and the increase in the receivable turnover from 10.20 times to 11.06 times. PROBLEMS PROBLEM 8-2A (a) 1. Accounts Receivable 2,800,000 Sales 2,800,000 2. Sales Returns and Allowances 325,000 Accounts Receivable 325,000 3. Cash 2,410,000 Accounts Receivable 2,410,000 4. Accounts Receivable 72,000 Interest Revenue 72,000 5. Allowance for Doubtful Accounts 58,400 Accounts Receivable 58,400 6. Accounts Receivable 5,200 Allowance for Doubtful Accounts 5,200 Cash 5,200 Accounts Receivable 5,200 PROBLEM 8-2A (Continued) (b) Accounts Receivable Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 760,000 1. 2,800,000 3,560,000 2. 325,000 3,235,000 3. 2,410,000 825,000 4. 72,000 897,000 5. 58,400 838,600 6. 5,200 843,800
from 35.8 days to 33.0 days and the increase in the receivable turnover from 10.20 times to 11.06 times. PROBLEMS PROBLEM 8-2A (a) 1. Accounts Receivable 2,800,000 Sales 2,800,000 2. Sales Returns and Allowances 325,000 Accounts Receivable 325,000 3. Cash 2,410,000 Accounts Receivable 2,410,000 4. Accounts Receivable 72,000 Interest Revenue 72,000 5. Allowance for Doubtful Accounts 58,400 Accounts Receivable 58,400 6. Accounts Receivable 5,200 Allowance for Doubtful Accounts 5,200 Cash 5,200 Accounts Receivable 5,200 PROBLEM 8-2A (Continued) (b) Accounts Receivable Date Explanation Ref. Debit Credit Balance Jan. 1 Balance 760,000 1. 2,800,000 3,560,000 2. 325,000 3,235,000 3. 2,410,000 825,000 4. 72,000 897,000 5. 58,400 838,600 6. 5,200 843,800
13332-6223-chpt8solns.docx