财务会计学的问题！~英文题！~急

Question

题目如下：
Belkou Company began operations on January 1, 2007. Its first year's sales were $1,170,000, which were 70% on credit. During the year, $705,000 was collected from customers on account, and the company wrote off accounts worth $2,400. At the end of the year, management estimated that 0.5% of all credit sales would probably be uncollectible.

During 2008, sales were $1,480,000 (75% on credit), collections on account were $1,045,000, and write-offs of receivables were $4,700.

At the end of 2008, after reviewing its experience with write-offs of accounts receivable thus far,management decided that its estimate of uncollectibility should be increased from 0.5% to 0.6% of the credit sales.

问题： What is the net amount of accounts receivable at the end of 2008?

10小时内要答案啊！~很急！~要答案和简单说明！~谢谢大家！！~

Answer 1

先需要计算 07年年底的accounts receivable

07年年初的accounts receivable=Sales*70%=$1,170,000*0.7=$819,000
Bad debts = $819,000*0.5%=$4,095
write-off = $2,400
collected = $70,500
Accountable Receivalbe (at the year end 07)
= 07年年初的accounts receivable - Bad debts - write-off - collected
= $4,095

下面要做的是计算08年的年底的accounts receivable

08年一整年的 Accountable Receivalbe = credit sale in 2008 = $1,480,000*75% = $1,110,000
07年年底的Accountable Receivalbe = $4,095
Bad debts = $1,110,000*0.6%= $6,660
write-off = $4,700
collected = $1,045,000,

Accountable Receivalbe (at the year end 08)
=08年一整年的accounts receivable + 07年年底的Accountable Receivalbe - Bad debts - write-off - collected
=$1,110,000 + $4,095 - $6,660 - $4,700 -$1,045,000
=$57,735

写了这么多，多给点分吧O(∩_∩)O哈哈~

Answer 2

2007:
credits sales:1170000*70%=819000
debts collected:705000
bad debts:2400
provision for bad debts：819000*5%
account receivable for 2007:819000-705000-2400-81900*5%=70650

balance b/d 70650

2008:
balance c/d 70650
credit sales:1480000*75%=1110000
debts collected:1045000
bad debts:4700
provision for bad debts:(70650+1110000)*6%

accounts receivable at end of 2008

70650+1110000-1045000-4700-(70650+1110000)*6%=60111