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Thorston Corp. reports the following ledger balances at 1 1 ? x 2 related to its trade accounts receivable. Thorston Corp. recorded credit sales revenue
Thorston Corp. reports the following ledger balances at related to its trade accounts receivable.
Thorston Corp. recorded credit sales revenue of $
The company cash from its outstanding credit customers in the amount of $ $ of customer accounts were written off
during the year after they were determined to be in default.
The company also offers a month return policy connected with its merchandise sold on credit. The company estimates sales returns
at of its sales for the period. During the year, $ of returns were made by customers
To adjust for potential bad debt expense, the company uses the following aging schedule:
Calculate the ending balance of the accounts receivable account.
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