The Doyle Merchandising Company’s December 31 balance sheet contained the follow
ID: 2391947 • Letter: T
Question
The Doyle Merchandising Company’s December 31 balance sheet contained the following information. If the Doyle Merchandising Company were to send invoices to its December 31 customers, what is the total dollar amount of invoices the company would send?
Assets
Current Assets
Cash
$9,000
Accounts Receivable
$14,000
Allowance for Uncollectible Accounts
$1,200
$12,800
Merchandise Inventory
$26,000
Supplies
$1,300
Prepaid Insurance
$1,900
$0
$14,000
$1,200
$12,800
$9,000
Assets
Current Assets
Cash
$9,000
Accounts Receivable
$14,000
Allowance for Uncollectible Accounts
$1,200
$12,800
Merchandise Inventory
$26,000
Supplies
$1,300
Prepaid Insurance
$1,900
Explanation / Answer
Total dollar amount of invoices the company would send = Accounts Receivable = $14000
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