Collinsworth Co reported sales on an accrual basis of $100,000 If accounts receivable increased $30,000, and the allowance for doubtful accounts increased $9,000 after a write off of $2,000, compute cash sales ...

Accrual basis sales 100000 Les ...

Collinsworth Co. reported sales on an accrual basis of $100,000. If accounts receivable increased $30,000, and the

Question:

Collinsworth Co. reported sales on an accrual basis of $100,000. If increased $30,000, and the allowance for doubtful accounts increased $9,000 after a write-off of $2,000, compute cash sales.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...