The following information relates to Halloran Co.'s accounts receivable for 2018: Accounts receivable balance, 1/1/2018 $...
The following information relates to Halloran Co.'s accounts receivable for 2018:
|
Accounts receivable balance, 1/1/2018 |
$ |
840,000 |
|
|
Credit sales for 2018 |
3,300,000 |
||
|
Accounts receivable written off during 2018 |
70,000 |
||
|
Collections from customers during 2018 |
3,100,000 |
||
|
Allowance for uncollectible accounts balance, 12/31/2018 |
210,000 |
What amount should Halloran report for accounts receivable, before allowances, at December 31, 2018?
A) $1,040,000.
B) $970,000.
C) $760,000.
D) None of these answer choices are correct.
Homework Answers
Accounts Receivable before allowances
= 840,000 + Credit sales 3,300,000 - Written off 70,000 - Cash collections 3,100,000
= 970,000
Option B
Add Answer to:
The following information relates to Halloran Co.'s accounts
receivable for 2018:
Accounts receivable balance, 1/1/2018
$...
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