A company reports Net accounts receivable of $107 460 on its 31 December 2013 balance sheet. The Allowance for doubtful debts has a credit balance of $3 200. What is the balance in Accounts receivable?

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Quizplus · Accepted Answer

The Net accounts receivable is calculated as Accounts receivable minus the Allowance for doubtful debts. Therefore, to find the balance in Accounts receivable, add the Allowance for doubtful debts to the Net accounts receivable: $107,460 + $3,200 = $110,660.

A Company Reports Net Accounts Receivable of $107 460 on Its