YEAR SALES 2002 450,000 2003 500,000 2004 800,000 2005 820,000 CASH COLLECTIONS WRITE OFFS 410,000 450,000 590,000 750,000 35,000 25,000 47,000 20,000 If Mary's Boutique uses the direct write off method, what is the balance in Accounts Receivable at the end of 2005?

YEAR SALES 2002 450,000 2003 500,000 2004 800,000 2005 820,000 CASH COLLECTIONS WRITE OFFS 410,000 450,000 590,000 750,000 35,000 25,000 47,000 20,000 If Mary's Boutique uses the direct write off method, what is the balance in Accounts Receivable at the end of 2005?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

$127000, $2570000, $243000, $50000, or $643000

YEAR
SALES
2002 450,000
2003 500,000
2004 800,000
2005 820,000
CASH
COLLECTIONS WRITE OFFS
410,000
450,000
590,000
750,000
35,000
25,000
47,000
20,000
If Mary's Boutique uses the direct write off method, what is the balance in Accounts Receivable at the end of 2005?

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