Sports Shop reports net accounts receivables on its December 31, 2019, balance sheet at $105,460. The allowance for doubtful accounts has a normal balance of $3,200 after adjustment. What is the ending balance in the accounts receivable account?
A)$102,260
B)$105,460
C)$108,660
D)$99,060

Question

Quizplus · Accepted Answer

The ending balance in the accounts receivable account before adjusting for the allowance for doubtful accounts is $105,460. The allowance for doubtful accounts is $3,200. To find the ending balance in the accounts receivable account, you add the allowance for doubtful accounts to the net accounts receivables reported, which is $105,460 + $3,200 = $108,660.

Sports Shop Reports Net Accounts Receivables on Its December 31