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Frick Co. reported sales revenue of $4,600,000 in its income statement for the year ended December 31, 2015. Additional information is as follows: 12/31/14 12/31/15
Frick Co. reported sales revenue of $4,600,000 in its income statement for the year ended December 31, 2015. Additional information is as follows:
| 12/31/14 | 12/31/15 |
Accounts receivable | $1,000,000 | $1,300,000 |
Allowance for uncollectible accounts | (100,000) | (60,000) |
Frick wrote off uncollectible accounts totaling $100,000 during 2015. Under the cash basis of accounting, Frick would have reported 2015 sales of?
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