loraine7909 loraine7909

26-10-2020
Business

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legacy company uses the aging of accounts receivable method. The company performed and aging of accounts receivable on December 31. What is the amount of accounts receivable, net

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Parrain Parrain

27-10-2020

Answer: $504,000

Explanation:

Net Accounts Receivables = Accounts Receivables - Allowance for doubtful accounts ending credit balance

Allowance for doubtful accounts ending credit balance = Estimated Uncollectible Accounts receivable

Net Accounts Receivables = 565,000 - 61,000

= $504,000

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