A company has the following balances on December 31, 2021, after year-end adjustments: Accounts Receivable = $75,000; Service Revenue = $400,000; Allowance for Uncollectible Accounts = $5,000; Cash = $20,000. Calculate net accounts receivable.
What will be an ideal response?
$70,000
Net accounts receivable = $75,000 ? $5,000 = $70,000.
You might also like to view...
Freight-in is subtracted from net purchases to calculate costs of goods purchased
Indicate whether the statement is true or false
The purpose of a technology map is to:
a. facilitate decsions about new projects b. deal with technological and market uncertainty c. define breaktrhough and incremental products d. deal with the future e. all of the above
A "skill" is a learned talent that a person has acquired in order to perform a task.
Answer the following statement true (T) or false (F)
Thalia works in the accounting department at a major department store. Though she does her job reasonably well, she is often late to work and frequently calls in sick. She's cordial with other employees and her boss but is not given to socializing. Thalia is a(n)
A. seat-warmer. B. lone wolf. C. daydreamer. D. citizen. E. apathetic.