During 2015, Weasley Inc.’s credit sales and collections were $260,000 and $265,000, respectively. The company wrote off $650 related to accounts that were deemed not collectible during the year. On December 31, 2015, Weasley estimates uncollectible accounts will be 5% of the ending balance of accounts receivable. What was the balance of accounts receivable on January 1, 2015, the allowance for uncollectible accounts had a credit balance of $1,600 on December 31, 2015?
RECOMMENDED!!ACCOUNTING 5110-During 2015, Weasley Inc.’s credit sales and collections
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades
Recent Comments