Abundant Returns
This company sells its merchandise only on credit.The following data are available at December 31,2012.
$\begin{array}{ll}
\text {Sales } &\$ 411,000 \
\text { Sales returns and allowances} &12,000 \
\text { Account s receivable at January 1,2012 } &89,000 \
\text { Allowance for doubtfil accounts at January 1, 2012 } &4,100 \
\text { Cash collections during 2012 } &385,100 \
\text {Accountswritten off as uncollected during 2012 } &3,600
\end{array}$
-Refer to Abundant Returns.Determine the balance of Accounts Receivable at December 31,2012.

Question

Abundant Returns
This company sells its merchandise only on credit.The following data are available at December 31,2012.
 $\begin{array}{ll}
\text {Sales  } &\$ 411,000 \
\text { Sales returns and allowances} &12,000 \
\text { Account s receivable at  January 1,2012 } &89,000 \
\text { Allowance for doubtfil accounts at January 1, 2012 } &4,100 \
\text { Cash collections during 2012 } &385,100 \
\text {Accountswritten off as uncollected during 2012 } &3,600
\end{array}$ 
-Refer to Abundant Returns.Determine the balance of Accounts Receivable at December 31,2012.

Quizplus · Accepted Answer

The Answer of Abundant Returns
This company sells its merchandise only on credit.The following data are available at December 31,2012.
 $\begin{array}{ll}
\text {Sales  } &\$ 411,000 \
\text { Sales returns and allowances} &12,000 \
\text { Account s receivable at  January 1,2012 } &89,000 \
\text { Allowance for doubtfil accounts at January 1, 2012 } &4,100 \
\text { Cash collections during 2012 } &385,100 \
\text {Accountswritten off as uncollected during 2012 } &3,600
\end{array}$ 
-Refer to Abundant Returns.Determine the balance of Accounts Receivable at December 31,2012.

Abundant Returns This Company Sells Its Merchandise Only on Credit

Abundant Returns
This Company Sells Its Merchandise Only on Credit