At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january

Question

2 years ago

12

At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january

24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,300.

Business

1 answer:

marin [14] · Answer 1 · 2022-07-14T02:00:37+03:00

marin [14]2 years ago

3 0

<span>Accounts Receivable before the write off: (700,000-25,000) = 675,000 Accounts Receivable after write off: (700-4300)-(25000-4300)=675,000</span>