Ruiz companys accounts receivable balance at december 31

Reference no: EM13595313

Ruiz Company's Accounts Receivable balance at December 31 was $150,000 and there was a credit balance of $700 in the Allowance for Uncollectible Accounts, The year's sales were $800,000. The firm estimates credit losses for the year at 1-1/2% of sales. After the appropriate adjusting entry is made for credit losses, what is the net amount of accounts receivable included in the current assets at year-end?

Reference no: EM13595313

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