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In the balance sheet at the end of its first year of operations, Dinty Incorporated reported an allowance for uncollectible accounts of $82,900. During the
In the balance sheet at the end of its first year of operations, Dinty Incorporated reported an allowance for uncollectible accounts of $82,900. During the year, Dinty wrote off $31,200 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,250,000, and cash collections from credit customers totaled $1,830,000.
What accounts receivable balance would Dinty report in its first year-end balance sheet?
$368,300
None of these answer choices are correct.
$337,100
$388,800
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