** accounts receivable 575,000

allowance for DA 7500

B. Dec 31, 2015 the company estimated bad debts as 3% of Account Receivable. Feb 15, 2016, the company determined that it can not collect $15,000 of its account receivable from customer Aldo April 1, 2016, the company received the payment $15,000 from Customer Aldo Account Title Debit Credit Date De 31 Feb 15 Oven TTTT At December 31, 2015, Ingleton Company reports the following results for the year Cash sales Credit sales ... $1.025.000 1,342,000 In addition, its unadjusted trial balance includes the following items: Accounts receivable. Allowance for doubtful accounts. $575,000 debit 7.500 credit