P5053. InterpretinaAccoums Receivable and Related Feature Disclosure Followingis the cutrent asset secticncsnthe “KW. Grainacr lnc.balance sheet. As

What amount do customers owe Grainger at each of the year-ends 2013 through 2015?b. What percentage of its total accounts receivable does Grainger deem uncollectible? (Hint: percent-

age of uncollectible accounts 5 allowance for uncollectible accounts/gross accounts receivable)

c. What amount of bad debts expense did Grainger report in its income statement for each of the years

2013 through 2015?

d. Explain the change in the balance of the allowance for uncollectible accounts since 2013. Specifi-

cally, did the allowance increase or decrease as a percentage of gross accounts receivable, and why?

f. Overall, what is your assessment of Grainger’s allowance for uncollectible accounts and the related bad debts expense