During the year, Concord Corporation made an entry to write off a $32000 uncollectible account. Before this entry was made, the balance in accounts receivable was $392000 and the balance in the allowance account was $35500.

The accounts receivable amount expected to be collected after the write-off entry was:

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: