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ABC corp. had the following balances on January 1, 2019: Accounts Receivable of $1,800; Allowance for Doubtful Accounts $300. During the year, ABC recorded Sales
ABC corp. had the following balances on January 1, 2019: Accounts Receivable of $1,800; Allowance for Doubtful Accounts $300. During the year, ABC recorded Sales of $8,200, cash collections of $5,600 and Bad Debt expense of $700. if the ending balance in Accounts Receivable was $3.900, the balance in Alowance for Doubtful accounts should be $500 If the ending balance in Accounts Receivable was 54.000, the balance in Alowance for Doubtful accounts should be $1.000 of the ending balance in Accounts Receivable was $4.200, the balance in Allowance for Doubtful accounts should be 5600 of the ending balance in Accounts Receivable was 54200, the balance in Allowance for Doubtful accounts should be $900 if the ending balance in Accounts Receivable was $4200, the balance in Allowance for Doubtful accounts should be 5700
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