Question
At the end of the year 2020, a company has the following account balances before the adjusting entry for uncollectible accounts is recorded: Accounts receivable
At the end of the year 2020, a company has the following account balances before the adjusting entry for uncollectible accounts is recorded:
Accounts receivable = $230,000; Allowance for uncollectible accounts = $14,000 (credit).
Uncollectible accounts are estimated to be 20% of year-end accounts receivable.
What is the amount of net accounts receivable?
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Audit And Trace Log Management Consolidation And Analysis
Authors: Phillip Q. Maier, Bennett Rothke
1st Edition
0849327253, 978-0849327254
