Quality Products has the following data: beginning accounts receivable $35,000, credit sales $420,000, cash collections $390,000, and write-offs $5,000. What is the ending accounts receivable balance?
Quality Products has the following data: beginning accounts receivable $35,000, credit sales $420,000, cash collections $390,000, and write-offs $5,000. What is the ending accounts receivable balance?
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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
Transcribed Image Text:Quality Products has the following data:
beginning accounts receivable $35,000,
credit sales $420,000, cash collections
$390,000, and write-offs $5,000. What is
the ending accounts receivable balance?
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