Simpson Company has the following account balances at year-end: $\begin{array}{lr}
\text { Accounts receivable } & \$ 60,000 \
\text { Allowance for doubtful accounts } & 3,600 \
\text { Sales discounts } & 2,400
\end{array}$
Simpson should report accounts receivable at a net amount of

Question

Simpson Company has the following account balances at year-end: $\begin{array}{lr}
\text { Accounts receivable } & \$ 60,000 \
\text { Allowance for doubtful accounts } & 3,600 \
\text { Sales discounts } & 2,400
\end{array}$ 
Simpson should report accounts receivable at a net amount of

Quizplus · Accepted Answer

The Answer of Simpson Company has the following account balances at year-end: $\begin{array}{lr}
\text { Accounts receivable } & \$ 60,000 \
\text { Allowance for doubtful accounts } & 3,600 \
\text { Sales discounts } & 2,400
\end{array}$ 
Simpson should report accounts receivable at a net amount of

Simpson Company Has the Following Account Balances at Year-End Simpson Should Report Accounts Receivable at a Net Amount of