Question
Assume the following information for marin corp. accounts receivable (beginning balance) $136,000 allowance for doubtful accounts (beginning balance) 11,480 net credit sales 938,000 collections 905,000
Assume the following information for marin corp.
accounts receivable (beginning balance) $136,000
allowance for doubtful accounts (beginning balance) 11,480
net credit sales 938,000
collections 905,000
write-offs of accounts receivable 5,000
collections of accounts previously written off 1,900
uncollectible accounts are expected to be 8% of the ending balance in accounts receivable.
Determine the ending balance in accounts receivable and the the unadjusted balance in the allowance for doubtful accounts.
Ending balance in accounts receivable?
unadjusted balance in allowance for doubtful accounts?
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