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Chapter 21 Question 2:

Determine the amount of cash received from customers for each of the six independent situations below. All dollars are in millions. (Enter your answers in millions. Omit the "$" sign in your response.)

 

Situation

Sales
Revenue

Accounts Receivable
Increase (Decrease)

Bad Debt
Expense

Allowance for
Uncollectible Accounts
Increase (Decrease)

Cash Received
from Customers

1

100

-0-                

-0-

-0-                

     

2

100

5                 

-0-

-0-                

     

3

100

(5)                

-0-

-0-                

     

4

100

5                 

2

2                 

    

5

100

(5)                

2

1                 

     

6

100

5                 

2

(1)                

     



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