Under the cash basis of accounting

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Reference no: EM13980893

Smith Inc. reported sales revenue of $4,600,000 in its income statement for the year ended December 31, 2015. Additional information is as follows: 12/31/14 12/31/15 Accounts receivable $1,000,000 $1,300,000 Allowance for uncollectible accounts (60,000) (110,000) Smith wrote off uncollectible accounts totaling $20,000 during 2015. Under the cash basis of accounting, what would Smith have reported for 2015 sales?

Reference no: EM13980893

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