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nlexa [21]
3 years ago
12

On the worksheet, Accounts Receivable has a debit balance of $15,000 on the Unadjusted Trial Balance. In the Adjustments there i

s a debit of $3,000. What is the amount for Accounts Receivable in the Adjusted Trial Balance?
Business
1 answer:
Art [367]3 years ago
6 0

Answer:

The adjustment balance will be of 18,000

Explanation:

We should build Accounts Receivables T-account to get the adjusted balance:

Accounts Receivables

<u>DEBIT              CREDIT</u>

 15,000  UNADJUSTMENT

<u>   3,000  ADJUSTMENT</u>

18,000 ADJUSTED BALANCE**

**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000

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3 years ago
Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
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shutvik [7]
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Learn more about The Production Possibilities Frontier Model here:

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