Question
On December 31, 2017, Extreme Fitness has adjusted balances of $89,010 in Accounts Receivable and $2,271 in Allowance for Doubtful Accounts.Assume that on February 2,
On December 31, 2017, Extreme Fitness has adjusted balances of $89,010 in Accounts Receivable and $2,271 in Allowance for Doubtful Accounts.Assume that on February 2, 2018, Extreme Fitness received a payment of $549 from one of the customers whose balance had been written off.
What amount would the company report as its accounts receivable balance on February 2, 2018?
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Managerial Accounting
Authors: Sivaramakrishna, Ramji Balakrishnan
1st Edition
0471467855, 978-0471467854
