Question

reach of the following independent situations, compute net accounts receivable. Accounts Receivable has a balance of $14,000. The Allowance for Uncollectible Accounts has a crean balance prior to adjustment of $300. An aging schedule prepared on December 31 reveals $1,100 of uncollectible accounts. b. Accounts Receivable has a balance of $25.700. The Allowance for Uncollectible Accounts has a deon balance prior to adjustment of $400. An aging schedule prepared on December 31 reveals $2,300 OR uncollectible accounts. Answer:

Answer 1

Solution a:

Net accounts receivables = Gross receivables - Allowance for doubtful accounts = $14,000 - $1,100 = $12,900

Solution b:

Net accounts receivables = Gross receivables - Allowance for doubtful accounts = $25,700 - $2,300 = $23,400