Question
The following information relates to Halloran Co.'s accounts receivable for 2018: Accounts receivable balance, 1/1/2018 $844,000 Credit sales 2018 3,470,000 Accounts receivable written off during
- The following information relates to Halloran Co.'s accounts receivable for 2018:
- Accounts receivable balance, 1/1/2018 $844,000
- Credit sales 2018 3,470,000
- Accounts receivable written off during 2018 54,000
- Collections from customers during 2018 3,050 .000
- Allowance for bad debt balance as of 12/31/2018 205,000
What amount must Halloran report for accounts receivable, before provisions, as of December 31, 2018?
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The calculation is as follows Accounts receivable balance 112018 844000 ...Get Instant Access to Expert-Tailored Solutions
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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