Answer:
my favorite song is moonlight by xxx
Explanation:
it has a deep meaning behind the song
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
<h3>What is a chart of accounts?</h3>
chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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The net accounts receivable balance is $18,000
Explanation:
Given,
Ending balance of account receivable = $20,000
Bad debts Expenses = $1,000
Ending balance of Noncollectable account = $2,000
Net account Receivable = Ending balance of account receivable - ending balance of noncollectable account.
Net account Receivable = $20,000 - $2,000
= $18,000
