Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2021. Bramble Inc had sales on account of $212000, cash sales of $80700, and collections on account of $126200. In addition. they collected $2175

image text in transcribed
During 2021. Bramble Inc had sales on account of $212000, cash sales of $80700, and collections on account of $126200. In addition. they collected $2175 which had been written off as uncollectible in 2020 . As a result of these transactions, the change in the accounts receivable balance indicates a $85800 increase. $166500 increase. $83625 increase. $164325 increase

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions