The total balance in Accounts Receivable is $3,412 The balance in the Accounts Receivable related to amounts accrued at year end is $782 Journalize the optional reversing entry required at the beginning of the next year ...

The total balance in Accounts Receivable is $3,412. The balance in the Accounts Receivable related to amounts

Question:

The total balance in is $3,412. The balance in the related to amounts accrued at year-end is $782. Journalize the optional reversing entry required at the beginning of the next year.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...