Corrected balance of accounts receivable

Reference no: EM1354653

AIN is a financial planning firm which has an accounts receivable balance of $97,600. AIN uses the direct write-off method for bad debt. AIN determined that one of its clients which owes $7,300 has filed bankruptcy. Also, when reviewing the books, the accountant determined that one customer was overbilled by $275 and another customer was underbilled by $790. In addition, a payment collected before month end for $400 had not been recorded.

What is the corrected (adjusted) balance of accounts receivable?

Reference no: EM1354653

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