Bristol corporation reported a beginning balance of $6200 in accounts receivable on January at the beginning of the year and 5,334 million at the end of the year. Its statement of cash flows using the direct method reported cash collections from customers of 33.551 million for the year. Assuming that microchem corporation makes all sales on account, compute teh amount of sales during the year.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)