Question
The following information relates to Ryan Co.'s accounts receivable for 2016: Accounts receivable balance, 1/1/2016: $ 848,000 Credit sales for 2016: 3,480,000 Accounts receivable written
The following information relates to Ryan Co.'s accounts receivable for 2016:
Accounts receivable balance, 1/1/2016: $ 848,000 Credit sales for 2016: 3,480,000 Accounts receivable written off during 2016: 61,000 Collections from customers during 2016: 3,070,000 Allowance for uncollectible accounts balance, 12/31/2016: 203,000
What amount should Ryan report for accounts receivable, before allowances, at December 31, 2016?
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Financial Accounting In An Economic Context
Authors: Jamie Pratt
7th Edition
0470128828, 978-0470128824
