Question
I don't know how to figure this, please help! At the end of its first year of operations, December 31, 2015, Chevy Chase Inc. reported
I don't know how to figure this, please help!
At the end of its first year of operations, December 31, 2015, Chevy Chase Inc. reported the following information.
Accounts receivable, net of allowance for doubtful accounts$475,000
Customer accounts written off as uncollectible during 201512,000
Bad debt expense for 201542,000
What should be the balance in accounts receivable at December 31, 2015, before subtracting the allowance for doubtful accounts?
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Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
1259726916, 978-1259726910
