Question
June 12, 2018Provide services to customers on account for $30,200. September 17, 2018Receive $16,000 from customers on account. December 31, 2018Estimate that 40% of accounts
June 12, 2018Provide services to customers on account for $30,200.
September 17, 2018Receive $16,000 from customers on account.
December 31, 2018Estimate that 40% of accounts receivable at the end of the year will not be received.
March 4, 2019Provide services to customers on account for $45,200.
May 20, 2019Receive $10,000 from customers for services provided in 2018.
July 2, 2019Write off the remaining amounts owed from services provided in 2018.
October 19, 2019Receive $36,000 from customers for services provided in 2019.
December 31, 2019Estimate that 40% of accounts receivable at the end of the year will not be received.
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
