Question

At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $35,000 and the allowance for uncollectible accounts is estimated at 18% of gross receivables? (Do not include a comma or dollar sign in your answer.)

Answer 1

Answer:

Accounts Recevable will be reported with same gross value 35000

Explanation:

The accounts receivable keep the same balance, the difference is that you have to add an assets current account named  allowance for uncollectible accounts with a credit balance for the amount indicated 6300, and the net value of accounts receivable it's 28700.