Question

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:

Answer 1

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