For the month of June, the records of Hamilton Inc. show the following information: Description Amount ($) Cash received on accounts receivable 85,000 Cash sales 75,000 Accounts Receivable, June 1 200,000 Accounts Receivable, June 30 185,000 Accounts Receivable written off as uncollectible 3,500 The company uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of June?
For the month of June, the records of Hamilton Inc. show the following information: Description Amount ($) Cash received on accounts receivable 85,000 Cash sales 75,000 Accounts Receivable, June 1 200,000 Accounts Receivable, June 30 185,000 Accounts Receivable written off as uncollectible 3,500 The company uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of June?
Related questions
Question
What are the gross sales for this general accounting question?
Transcribed Image Text:For the month of June, the records of Hamilton Inc. show the following
information:
Description
Amount ($)
Cash received on accounts receivable
85,000
Cash sales
75,000
Accounts Receivable, June 1
200,000
Accounts Receivable, June 30
185,000
Accounts Receivable written off as uncollectible 3,500
The company uses the direct write-off method in accounting for uncollectible
accounts receivable.
What are the gross sales for the month of June?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
