Ask Question
31 July, 21:45

Tudor Corp. has an ending balance in the accounts receivable account of $20,000. Tudor recorded bad debt expense of $1,000. Tudor has an ending balance in the allowance for uncollectible accounts of $2,000. What is the net accounts receivable balance?

+1
Answers (1)
  1. 31 July, 22:28
    0
    The net accounts receivable balance is $18,000

    Explanation:

    Given,

    Ending balance of account receivable = $20,000

    Bad debts Expenses = $1,000

    Ending balance of Noncollectable account = $2,000

    Net account Receivable = Ending balance of account receivable - ending balance of noncollectable account.

    Net account Receivable = $20,000 - $2,000

    = $18,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tudor Corp. has an ending balance in the accounts receivable account of $20,000. Tudor recorded bad debt expense of $1,000. Tudor has an ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers