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Amy Macintosh, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30, Macintoshs accounts receivable were $16,500. During October, she
Amy Macintosh, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30, Macintoshs accounts receivable were $16,500. During October, she earned service revenue of $21,000 on account and collected $19,000 from clients on account. She also wrote off uncollectible receivables of $1,600. What is Macintoshs balance of Account Receivable on October 31? Does she expect to collect this entire amount? Why or why not?
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