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How do they get the balance in the accounts receivable Stephanie Stouse is an attorney in Los Angeles. Stouse uses the direct write-off method to
How do they get the balance in the accounts receivable
Stephanie Stouse is an attorney in Los Angeles. Stouse uses the direct write-off method to account for uncollectible receivables. At January 31 , 2016, Stouse's accounts receivable totaled Sl 6,000. During February, she earned revenue of $17 ,OOO on account and collected $23,000 on account. She also wrote off uncollectible receivables of $2,550 on February 29, 2016. Requi rements 1. use the direct write-off method to joumalize Stouse's write-off of the uncollectible receivables. 2. What is Stouse's balance of Accounts Receivable at February 29, 2016? Date Feb. Accounts and Explanation Debit Credit 29 Requirement 2. What is Stouses balance of Accounts Receivable at February 29, 2016? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at February 29, 2016. Accounts Receivable Jan. 31 Bal. Net credit sales
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