A year-end review of Accounts Receivable and estimated uncol…

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following:      $ 900,000 1-30 days      2%      $ 450,000 31-60 days      3%      $ 145,000 61-90 days    12%      $   80,000 Over 90 days    40% The pre-adjusted balance in Allowance for Uncollectible Accounts was $62,000. Under aging-of-receivables method, the adjustment to record uncollectible accounts expense for the period will include:

During 2021, Scrunchy LTD had gross sales totaling $1,000,00…

During 2021, Scrunchy LTD had gross sales totaling $1,000,000 all sold on credit. Sales returns were $80,000. Subsequent to the returns, customers paid the receivables taking the available sales discounts of 2%. Uncollectible Accounts expense of $5,000 was also recorded during the period. Scrunchy does not routinely have products returned by customers and therefore does not use a Refunds Payable accounts. What is the total dollar amount of net sales reported on the Income Statement for 2021?