Aardvark Resale
This company sells merchandise only on credit.For the year ended December 31,2012,the following data are available:
$\begin{array}{ll}
\text { Sales } & \$ 1,200,000 \
\text { Sales returns and allowances } & 50,000 \
\text { Account Receivable-J anuary 1, 2012 } & 225,000 \
\text { Allowance for doubtful accounts-Januayy } 1,2012 & 15,000 \
\text { Collections during 2012 } & 1,050,000 \
\text { Accountswritten off as uncollected during } 2012 & 10,000
\end{array}$
-Refer to Aardvark Resale.Determine the balance of Accounts Receivable at December 31,2012.

Question

Aardvark Resale
This company sells merchandise only on credit.For the year ended December 31,2012,the following data are available:
 $\begin{array}{ll}
\text { Sales } & \$ 1,200,000 \
\text { Sales returns and allowances } & 50,000 \
\text { Account Receivable-J anuary 1, 2012 } & 225,000 \
\text { Allowance for doubtful accounts-Januayy } 1,2012 & 15,000 \
\text { Collections during 2012 } & 1,050,000 \
\text { Accountswritten off as uncollected during } 2012 & 10,000
\end{array}$ 
-Refer to Aardvark Resale.Determine the balance of Accounts Receivable at December 31,2012.

Quizplus · Accepted Answer

The Answer of Aardvark Resale
This company sells merchandise only on credit.For the year ended December 31,2012,the following data are available:
 $\begin{array}{ll}
\text { Sales } & \$ 1,200,000 \
\text { Sales returns and allowances } & 50,000 \
\text { Account Receivable-J anuary 1, 2012 } & 225,000 \
\text { Allowance for doubtful accounts-Januayy } 1,2012 & 15,000 \
\text { Collections during 2012 } & 1,050,000 \
\text { Accountswritten off as uncollected during } 2012 & 10,000
\end{array}$ 
-Refer to Aardvark Resale.Determine the balance of Accounts Receivable at December 31,2012.

Aardvark Resale This Company Sells Merchandise Only on Credit -Refer to Aardvark Resale

Aardvark Resale
This Company Sells Merchandise Only on Credit -Refer to Aardvark Resale