Answer:
2015 balance = $35,603,000
2014 balance = $112,471,000
Explanation:
GIVEN the following ;
YEAR 2015:
Provision for doubtful ACCOUNT = $36,000,000
Account receivable(NET) = $15,941,000
Account receivable(GROSS) = $16,338,000
Allowance for doubtful account = Account receivable(GROSS) - Account receivable(NET)
$16,338,000 - $15,941,000 = $397,000
Allowance for doubtful account BALANCE = $36,000,000 - $397,000 = $35,603,000
YEAR 2014:
Provision for doubtful ACCOUNT = $113,000,000
Account receivable(NET) = $16,472,000
Account receivable(GROSS) = $17,001,000
Allowance for doubtful account = Account receivable(GROSS) - Account receivable(NET)
$17,001,000 - $16,472,000 = $529,000
Allowance for doubtful account BALANCE = $113,000,000 - $529,000 = $112,471,000