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how to calculate carrying aamount of receivables explain with formula? Richetti Ltd. has an Accounts Receivable amount of $392,700 and an unadjusted credit balance in
how to calculate carrying aamount of receivables explain with formula?
Richetti Ltd. has an Accounts Receivable amount of $392,700 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8.000 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Estimated Percentage Outstanding Accounts Receivable Uncollectible 0-30 $ 283.000 31-60 46.600 10 61-90 36.000 30% Over 90 27.100 505 Total 5392.700 (c) x Your answer is incorrect What is the carrying amount of the receivables at March 31? Carrying amount $ 366030 Step by Step Solution
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