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What is 's balance of accounts receivable at , ? start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at ,

Sagot :

Start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at 30,000.00.  

Date ACCOUNT TITLES AND EXPLANATIONS  DEBIT ($)   CREDIT ($)

     

29-Feb-16 Bad Debts Expense            2,400.00  

       Accounts Receivable              2,400.00

 (Write off an uncollectible account)    

     

Requirement 2

Accounts Receivable  

  $   $  

Balance b/d        14,000.00       17,000.00  Collected

Revenue        16,000.00        2,400.00  Wrote off

         10,600.00  Balance c/d

     30,000.00      30,000.00.

Accounts receivable is the amount a customer owes your business for the products or services they bill you for. The total value of all accounts receivable is recorded as a current asset on the balance sheet and includes invoices for items or work performed on credit to customers.

Learn more about Accounts receivable at

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