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Hoosier, Inc. reported net accounts receivable of $370,000 on the 12/31/2021 balance sheet. The accounting records showed a credit balance in the Allowance for Doubtful
Hoosier, Inc. reported net accounts receivable of $370,000 on the 12/31/2021 balance sheet. The accounting records showed a credit balance in the Allowance for Doubtful Accounts of $30,000 at 12/31/2021. During 2022 , the company had credit sales of $360,000, wrote off uncollectible accounts totaling $25,000, and collected $500,000 cash from credit customers. On 12/31/2022 the company recorded $15,000 of bad debt expense. What amount of net accounts receivable was reported on the 12/31/2022 balance sheet? $235,000 $245,000 $190,000 $215,000 $240,000
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