Hello. I have a question for asenath3968. You published an answer to the question about Puddle Inc. ( Accounting) on 10/11/2021. I am trying to complete my assignment on this topic (this question) and I can't come up with a. The amount (Accounts Receivable) that customers owe Puddle Incorporated at the end of 2022 is $741 million. How did you calculate this amount if the beginning balance was $630.
This was the actual problem:
If Puddle Incorporated had total Accounts Receivable at the end of 2021 of $630 million and an allowance for uncollectible accounts of $17 million show the effect of the following in the accounting equation worksheet for 2022:
Sales on credit of $4,315 million during the year
Collection of accounts receivable of $4,190 million during the year
Write off of uncollectible accounts of $14 million during the year
An increase in the allowance for uncollectible accounts to 3% of total accounts receivable from customers
Required:

a. Calculate how much customers actually owe to Puddle at the end of 2022.

b. Calculate how much is estimated will not be collected by Puddle at the end of 2022.

c. State how much expenses increased due to the estimate of uncollectible accounts.

d. How much would Puddle show as the amount they actually plan to collect (Accounts Receivable, Net)