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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
Alberta's Appliances is a wholesaler that sells to retail stores on credit. Alberta's sales for the year were $250,000. During the year, it received payments of $220,000 from customers. At year-end, it establishes an allowance for uncollectible accounts equal to 5% of the unpaid receivables. How much should Alberta's report as net accounts receivable at December 31?
      a.   $30,000
      b.   $28,500
      c.   $12,500
      d.   $11,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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