What is the carrying amount of the accounts receivable

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Question: 1. ABC Company's accounts receivable are $200,000 at the end of the year. The allowance for doubtful accounts has a credit balance of $4,000 before any adjustments have been made. The company estimates that 5% of accounts receivable will not be collected. What is the carrying amount of the accounts receivable at the end of the year?

2. A company pays $1,500 of the amounts owing to suppliers at the beginning of the month. The basic analysis of this transaction on the accounting records is?

Reference no: EM132745083

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