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During the year ended July 31, 2004, the company had the following transactions related to receivables: 1. Total sales, all on account $ 309,000 2.
During the year ended July 31, 2004, the company had the following transactions related to receivables:
1. Total sales, all on account $ 309,000
2. Sales returns and allowances, all on account $15,000
3. Collections of accounts receivable, including $17,000 previously written off as uncollectible $204,000
4. Write-offs of accounts receivable considered to be uncollectible $5,000
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