Determine the account receivable

Assignment Help Financial Accounting

Reference no: EM13138860

Determine the account receivable.

At the beginning of the current period, Emler Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit). During the period, it had net credit sales of $800,000 and collections of $763,000. It wrote off as uncollectible accounts receivable of $7,000. However, a $3,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period.

Reference no: EM13138860

Questions Cloud

How long is the copper wire : A copper wire (density = 8.96 g/cm3) has a diameter of 0.41 mm. If a sample of this copper wire has a mass of 12 g, how long is the wire?

Beginning and ending balance sheets for book purposes : What are it's beginning and ending balance sheets for book purposes (as would go on Schedule L, Form 1065?)

Methods used to eliminate noise from a spatio-temporal : Methods used to eliminate noise from a spatio-temporal signal, Name and describe, in detail, 2 methods used to eliminate noise from a (spatio-temporal) signal. This question requires a clear, detailed explanation of the methods. Mathematical equation..

Role of christianity and church in world today : What is the task of Christian discipleship and the mission of the church in the world today, based upon the views of Martin Luther King, Jr in "Letter from Birmingham City Jail, Dietrich Bonhoeffer," "Ethics and Gustavo Gutierrez," "Sacrament of L..

Determine the account receivable : account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period.

Why has the irs relaxed enforcing the fringe benefit : Why has the IRS relaxed enforcing the "fringe benefit" restrictions on De Minimis fringe benefits?

What is the percent yield of a reaction : What is the percent yield of a reaction in which 228 g phosphorus trichloride reacts with excess water to form aqueous phosphorus acid (H3PO3) and 129 g HCl?

Find the probability that books will be fiction : The adult books 20 are nonfiction and of the children's books 103 are nonfiction.if a book is selected at random, find the probability that it will be fiction.

Questions on job and psalms : Some evangelical scholars have raised questions concerning the historicity of Job as "a real person." Assess how this issue bears on the inspiration and authority of Job's message as God's Word.

User Account

All Pages