Question
As of Dec. 31,2016 Account Receivable= $850000 Allowance for Doubtful Accounts= 46750(credit) During 2017 recorded sales were 3,125,000 of which 80% were on account. Cash
As of Dec. 31,2016
Account Receivable= $850000
Allowance for Doubtful Accounts= 46750(credit)
During 2017 recorded sales were 3,125,000 of which 80% were on account. Cash collected for accounts receivables was 2,400,000 and wrote off as uncollectable of 60,000 of accounts.
Determine the ending balance in accounts receivables as of Dec. 31, 2017
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Auditing That Matters Case Studies
Authors: Norman David Marks
1st Edition
B089J17FFW, 979-8650160410
