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enVellumHMAC-ff6bb4108 o Homework- Essence Davis-Diaz-Google Chrome ecure https/ dent/PlayerHomeworkaspxthomeworkld-4518713268questionld-1&flushed-false8c; ACG 3102 Hybrid Fall 17 omework: W6A3 ore: 0 of 1 pt 2012 (2 complete) HW S P9-3 (similar to) The partial balance sheets of Tire Works, Inc. are presented below (Click the icon to view the partial balance sheets ) Read the requirements Additional information Net credit sales for 2015 amounted to $9,400,000 Cash collections for 2015 were $910,000 Requirement a. Determine the amount of accounts receivable writen off during 2015 The amount of accounts receivable written off during 2015 is Data Table x . Description Accounts recelvable, net of allowances for uncollectible accounts of $425,000 and $165,000 for 2015 and 2014, respectively 2015 2014 $8,675,000 $510,000 Print Done Enter any number in the edit fields and then click Check Answer Clear AExplanation / Answer
Ending accounts receivables = Beginning accounts receivables + Credit sales - Collections
Ending accounts receivables before write off = $510,000 + $9,400,000 - $910,000 = $9,000,000
Ending accounts receivable after write off = $8,675,000
Account receivables written off = $9,000,000 - $8,675,000 = $325,000
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