Question
2) After aging the Accounts Receivable, it is estimated that $2,450 will not be collected, and the Allowance account has an existing debit balance of
2) After aging the Accounts Receivable, it is estimated that $2,450 will not be collected, and the Allowance account has an existing debit balance of $300. If Accounts Receivable is $107,000, the net receivables would be __________.
$107,000
$106,900
$104,550
$104,250
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
