Part I: Accounts Receivable and Uncollectible Amounts Using the balance sheet of Microsoft provided on the next page, answer the following questions. Please note that Microsoft fiscal year ends on June 30. 1a) As of June 30, 2020, how much does Microsoft expect to collect from its customers in the future because of sales that were made

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Part I: Accounts Receivable and Uncollectible Amounts Using the balance sheet of Microsoft provided on the next page, answer the following questions.

Please note that Microsoft fiscal year ends on June 30.

1a) As of June 30, 2020, how much does Microsoft expect to collect from its customers in the future because of sales that were made prior to July 1, 2020?

1b) Assume that Microsoft had written off $202 (million) of its accounts receivable as permanently uncollectible during the year ended June 30, 2020. How much bad debt expense did Microsoft record during fiscal year 2020?

MICROSOFT CORPORATION
BALANCE SHEETS

MICROSOFT CORPORATION BALANCE SHEETS

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