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.)

Question

Business

Janiah Martin

3 November, 02:01

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.)

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Answers (1)

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Mcdowell · Answer 1

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.