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At the beginning of2017, DeliciousDrinks, Inc. has the following accountbalances: Accounts Receivable $43,000(debit balance) Allowance for Bad Debt$6,000(credit balance) Bad Debts Expense$0 During theyear, credit
At the beginning of2017, DeliciousDrinks, Inc. has the following accountbalances: Accounts Receivable $43,000(debit balance) Allowance for Bad Debt$6,000(credit balance) Bad Debts Expense$0 During theyear, credit sales amounted to $820,000. Cash collected on credit sales amounted to $760,000, and$17,000 has been written off. At the end of theyear, the company adjusted for bad debts expense using thepercent-of-sales method and applied arate, based on pasthistory, of 2.52.5%. The ending balance of Accounts Receivable is________.
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