Question
What is the balance of Accounts Receivable at December 31, 2017? How do you get the answer? Accounts receivableJanuary 1, 2017 - $236,000 Credit sales
What is the balance of Accounts Receivable at December 31, 2017? How do you get the answer?
Accounts receivableJanuary 1, 2017 - $236,000
Credit sales during 2017 - $820,000
Collections from credit customers during 2017 - $590,000
Customer accounts written off as uncollectable during 2017 - $8,000
Allowance for doubtful accountsJanuary 1, 2017 - $8,700
Estimated noncollectable accounts based on an aging analysis - $9,600
Bad debts expense for the year - $11,000
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
