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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
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.
Answer is Option B. $1,085,000
The answer is option B $10,85,000
the answer is b $ 1085,000
the answer before allownces is option B
Answer: $ 1,, Option B.
Agree with VENKITARAMAN KRISHNA MOORTHY VRINDAVAN Sir
