What is the required adjustment to ABC's accounts receivable at year-end as a result of this transaction?

Name: What is the required adjustment to ABC's accounts receivable at year-end as a result of this transaction?
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

The transaction results in ABC's accounts receivable increasing by CDN$450 (CDN$900 sales reduced by the payment of CDN$450). As a result, the required adjustment to ABC's accounts receivable at year-end is a CDN$450 increase.

What Is the Required Adjustment to ABC's Accounts Receivable at Year-End