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boyakko [2]
3 years ago
10

Before year-end adjusting entries, Waterway Industries's account balances at December 31, 2020, for accounts receivable and the

related allowance for uncollectible accounts were $1510000 and $91400, respectively. An aging of accounts receivable indicated that $128000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is:
Business
1 answer:
dimaraw [331]3 years ago
3 0

Answer:

The accounts receivable amount expected to be collected after adjustment is:    

1382000

Explanation:

                       Account Receivable Allowance Net Receivable

Begining balance_________1510000_______91400____1418600

 _____________________________36600___-36600

Ending balance___________1510000______128000____1382000

   

The accounts receivable amount expected to be collected after adjustment is:    

1382000    

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Answer:

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It is computed as follows:                          

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Net income                                              49,000

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add increase in payables                         <u>13,300</u>

Net operating cash flow                          <u> 68,300</u>

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