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متابعة

The following information relates to XYZ Co.’s accounts receivable for the year just ended:

Accounts receivable,1/1                            $650,000

Credit sales for the year                            2,700,000

Sales returns for the year                                75,000

Accounts written off during the year                40,000

Collections from customers during the year      2,150,000

Estimated future sales returns at12/31            50,000

Estimated uncollectible accounts at12/31          110,000

What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, at December31 ?

A. $1200000

B. $1085000

C. $1125000

D. $925000

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2015/02/15
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Accounts Receivable:

+ Opening Balance: $  6,50,000

+ Credit Sales:         $27,00,000

- Sales Returns:       $    75,000

- Collections:            $21,50,000

- Write Off:               $    40,000

Answer:                  $  1,08,5000     Option  B.

Malik Adnan Qayyum
من قبل Malik Adnan Qayyum , Senior Accountant , SAWACO Water Desalination

Answer is Option B. $1,085,000

STEPHEN OLUWASEUN OLANIYAN
من قبل STEPHEN OLUWASEUN OLANIYAN , Accounting Officer , RCCG LP 18

Account receivable represents the income from product that have been sold or delivered while Revenue deferred reflects the cash receipts in connection with goods and services that have not yet been rendered or delivered

Manoj Kumar
من قبل Manoj Kumar , Finance Manager , RGM International (India) Private Limited

The answer is option B $10,85,000

Joseph Hayford
من قبل Joseph Hayford , Account Receivable Accountant , Promasidor

the answer is b $ 1085,000

وليد محمد عاصم المليجي el-meligy
من قبل وليد محمد عاصم المليجي el-meligy , جميع الأعمال المحاسبية والتكاليف ودراسات الجدوى - رئيس حسابات , صناعات الأغذية ، المقاولات ، الصيانة والنظافة ، السياحة

  the answer before allownces is option B

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Answer:  $  1,, Option  B.

المزيد من الأسئلة المماثلة