At the beginning of 2017,Delicious Drinks,Inc.has the following account balances: Accounts Receivable $\$ 44,000$ (debit balance)
Allowance for Bad Debts $\$ 6,000$ (credit balance) Bad Debts Expense $0
During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $760,000,and $18,000 has been written off.At the end of the year,the company adjusted for bad debts expense using the percent-of-sales method and applied a rate,based on past history,of 3.5%.The ending balance of Accounts Receivable is ________.

Question

At the beginning of 2017,Delicious Drinks,Inc.has the following account balances: Accounts Receivable $\$ 44,000$ (debit balance) 
Allowance for Bad Debts $\$ 6,000$ (credit balance) Bad Debts Expense $0
During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $760,000,and $18,000 has been written off.At the end of the year,the company adjusted for bad debts expense using the percent-of-sales method and applied a rate,based on past history,of 3.5%.The ending balance of Accounts Receivable is ________.

Quizplus · Accepted Answer

The Answer of At the beginning of 2017,Delicious Drinks,Inc.has the following account balances: Accounts Receivable $\$ 44,000$ (debit balance) 
Allowance for Bad Debts $\$ 6,000$ (credit balance) Bad Debts Expense $0
During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $760,000,and $18,000 has been written off.At the end of the year,the company adjusted for bad debts expense using the percent-of-sales method and applied a rate,based on past history,of 3.5%.The ending balance of Accounts Receivable is ________.

At the Beginning of 2017,Delicious Drinks,Inc $44,000\$ 44,000$44,000 (Debit Balance) Allowance for Bad Debts

At the Beginning of 2017,Delicious Drinks,Inc $\$ 44,000$ (Debit Balance)
Allowance for Bad Debts