Bazuka Accounting Services recorded several financial transactions during the period. The company received $45,000 in cash from credit customers and allowed $2,500 in sales discounts. Additionally, $1,800 in bad debts were written off. Given that the beginning balance of Accounts Receivable was $85,000, calculate the ending balance of Accounts Receivable.

Bazuka Accounting Services recorded several financial transactions during the period. The company received $45,000 in cash from credit customers and allowed $2,500 in sales discounts. Additionally, $1,800 in bad debts were written off. Given that the beginning balance of Accounts Receivable was $85,000, calculate the ending balance of Accounts Receivable.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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