For the month of December, the records of Balin Corporation show the following information: Cash received on accounts receivable $ 70,000 Cash sales 60,000 Accounts Receivable, December 1 160,000 Accounts Receivable, December 31 ........... 148,000 2,000 Accounts Receivable written off as uncollectible The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December? A) $118,000 B) $120,000 C) $130,000 D) $144,000

For the month of December, the records of Balin Corporation show the following information: Cash received on accounts receivable $ 70,000 Cash sales 60,000 Accounts Receivable, December 1 160,000 Accounts Receivable, December 31 ........... 148,000 2,000 Accounts Receivable written off as uncollectible The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December? A) $118,000 B) $120,000 C) $130,000 D) $144,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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For the month of December, the records of Taboo Corporation show the following information: Cash received on accounts receivable - $140,000 Cash Sales - $120,000 Accounts Receivable, December 1 - $320,000 Accounts Receivable, December 31 - $286,000 Accounts Receivable written off as uncollectible - $4,000 The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December?
What are the gross sales for the month of December on these accounting question?
For the month of December, the records of ABC Corporation show the following information: Gross sales – 120,000; Cash received on accounts receivable - P 70,000; Cash sales - 60,000; Accounts Receivable, December 1 - 160,000; Accounts Receivable written off as uncollectible - 2,000. The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What is the balance of accounts receivable as of December 31?
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