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21 February, 21:13

At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $35,000 and the allowance for uncollectible accounts is estimated at 18% of gross receivables? (Do not include a comma or dollar sign in your answer.)

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  1. 21 February, 21:21
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    Accounts Recevable will be reported with same gross value 35000

    Explanation:

    The accounts receivable keep the same balance, the difference is that you have to add an assets current account named allowance for uncollectible accounts with a credit balance for the amount indicated 6300, and the net value of accounts receivable it's 28700.
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