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What amount should carpio report for accounts receivable

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Reference no: EM132946918

Question - The following information relates to CARPIO Company's account receivable for 2019:

ACCOUNT RECEIVABLE, JANUARY 1, 2019 975,000

CREDIT SALES FOR 2019 4,050,000

SALES RETURN FOR 2019 112,500

IMPAIRMENT OF RECEIVABLE 2019 60,000

COLLECTION FROM CUSTOMER DURING 2019 3,225,000

ESTIMATED FUTURE SALES RETURN AT DECEMBER 21 2019 75,000

ESTIMATED SALES DSCOUNT ACCOUNT AT DECEMBER 31 2019 25,000

What amount should CARPIO report for accounts receivable at December 31, 2019 statement of financial position?

Reference no: EM132946918

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