Accts Receivable Turnover: Net Credit Sales, Average Accounts

School: Valparaiso University - Course: ACC 503 - Subject: Accounting

Accts ReceivableAllow for Doubt Accts Beg. Bal159,000904,000 CollectionsWrite-Of6,50011,470 Sales938,0006,500 Write-Of2,000 Recovery2,0002,000 Collections 186,5006,970 9,815 16,785 $186,500 X 9% =
Beg. Bal Recovery Unadjusted Balance Bad Debts Adjusted Balance $16,785
Accounts Receivable Turnover: Net Credit Sales$35,190 Average Accounts Receivable($3,300+$4,350)/2 $35,190 $3,825 9.2times Average Collection Period365 days A/R Turnover 365 9.2 39.7 days
Accts ReceivableAllow for Doubt Accts $4,200 $15,670 $11,470 Bad Debts Expense$15,670 Allowance for Doubtful Accounts ($11,470 + 4,200)

Expert's Answer

Your future, our responsibilty submit your task on time.

Order Now

Need Urgent Academic Assistance?

Get Professional Help at Low Prices!

*
*
*


*

TOP
Order Notification

[variable_1] from [variable_2] has just ordered [variable_3] Assignment [amount] minutes ago.