At the close of its first year of operations, December 31, 2020, Vaughn Manufacturing had accounts receivable of $1631000, after deducting the related allowance for doubtful accounts. During 2020, the company had charges to bad debt expense of $283000 and wrote off, as uncollectible, accounts receivable of $111000. What should the company report on its balance sheet at December 31, 2020, as accounts receivable before the allowance for doubtful accounts?
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Ответ:
$180300
Explanation:
Gross accounts receivable (A/R) (before allowance for doubtful account)
= Beginning A/R + Charge to bad debt expense - Written-off as uncollectible
Given,
Beginning A/R = $1631000
Bad debt = $283000
Wrote off = $111000
Therefore, substitute the values in the formula will give us;
= $1631000 + $283000 - $111000
= $1914000 - $111000
= $180300
Ответ:
two
Explanation:
there are two oxides in carbon