Question
The following information relates to Bay Co.s account receivable for Year 2: Accounts receivable, 1/1/Year 2 $650,000 Sales for Year 2 2,700,000 Sales returns for
The following information relates to Bay Co.s account receivable for Year 2:
Accounts receivable, 1/1/Year 2 $650,000
Sales for Year 2 2,700,000
Sales returns for Year 2 75,000
Collections from customers during Year 2 2,150,000
Estimated uncollectible accounts at 12/31/Year 2 110,000
What amount should Bay report for net accounts receivable at December 31, Year 2?
| a. | $855,000 | |
| b. | $1,015,000 | |
| c. | $1,055,000 | |
| d. | $1,130,000 |
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Surviving In General Management
Authors: Philip Berman, Pauline Fielding
1st Edition
9780333483145
