Sunny Industries reports its accounts receivable on the balance sheet. The gross receivable balance is $42,000, and the allowance for uncollectible accounts is estimated at 15% of gross receivables. At what amount will accounts receivable be reported on the balance sheet?

Sunny Industries reports its accounts receivable on the balance sheet. The gross receivable balance is $42,000, and the allowance for uncollectible accounts is estimated at 15% of gross receivables. At what amount will accounts receivable be reported on the balance sheet?

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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What amount accounts receivable be reported on the balance sheet

Sunny Industries reports its accounts
receivable on the balance sheet. The gross
receivable balance is $42,000, and the
allowance for uncollectible accounts is
estimated at 15% of gross receivables.
At what amount will accounts receivable
be reported on the balance sheet?

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