During year 1, ramona department store had total sales of $1,500,000, of which 80% were on credit. the beginning balance in accounts receivable (on january 1 of year 1) was $82,500. the beginning balance in the allowance for bad debts (on january 1 of year 1) was $10,000. the amount of accounts written off as uncollectible during the year was $13,500. the following aging of accounts receivable is for ramona company at the end of year 1. aging of accounts receivable december 31 of year 1 total less than 30 days 31 days to 60 days 61 days to 90 days over 90 days $246,000 $183,000 $36,000 $12,000 $15,000 ramona company has developed the following bad debt information from its own past experience. age of account percent ultimately uncollectible less than 30 days 2 31 to 60 days 12 61 to 90 days 35 over 90 days 90. how much cash was collected from credit customers during the year?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.