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what were the amount of accounts receivable written off and the amount of cash colle 732876

The beginning balances in Accounts Receivable and the Allowance for Uncollectible Accounts were $250,000 and $15,000, respectively. The ending balance in Accounts Receivable is $270,000, and an aging analysis estimates that $16,000 of that amount will not be collected. For the year, credit sales were $1,000,000, and bad debt expense was $40,000. What were the amount of accounts receivable written off and the amount of cash collected from customers, respectively, during the year?

a. $ 0 and $980,000

b. $39,000 and $980,000 c. $39,000 and $941,000

d. $ 0 and $941,000

e. None of the above.

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