Stephanie Stouse, an attorney, uses the direct write off method to account for uncollectible receivables On September 30, Stouses accounts receivable were $18,000 During October, she earned service revenue of $16,000 on account and collected $21,000 from clients on account She also wrote off uncoll...

Accounts receivable balance at October 31 Accounts receivable ...

Stephanie Stouse, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30,

Question:

Stephanie Stouse, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30, Stouse’s were $18,000.
During October, she earned service revenue of $16,000 on account and collected $21,000 from clients on account. She also wrote off uncollectible receivables of $1,700. What is Stouse’s balance of on October 31? Does she expect to collect this entire amount? Why or why not?

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...