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How much does google expect to collect

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On September 30, Google Party Planners had a $40,000 balance in Accounts Receivable and a $3,000 credit balance in Allowance for Uncollectible Accounts.

  • During October, Google made credit sales of $100,000.
  • October collections on account were $94,000, and write-offs of uncollectible receivables totaled $1,700.
  • Uncollectible-account expense is estimated as 2% of revenue.

Question 1: Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at October 31. How much does Google expect to collect?

Reference no: EM132592646

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