Question

The following information relates to Bedford Company's accounts receivable:

An aging analysis estimates the uncollectible receivables on December 31, 2016, to be $80,000. The allowance account is to be adjusted accordingly.

The following information relates to Bedford Company's accounts receivable: Accounts receivable balance on December 31, 2015 Allowance for doubtful accounts balance on December 31, 2015 Credit sales made in 2016 Collections from customers on account in 2016 Accounts receivable written off in 2016 Accounts previously written off that were recovered in 2016 (not included in the collections above) $900,000 50,000 5,810,000 4,900,000 70,000 6,000 An aging analysis estimates the uncollectible receivables on December 31, 2016, to be $80,000. The allowance account is to be adjusted accordingly Calculate the ending balance in Accounts Receivable, as at December 31, 2016 Accounts receivable LINK TO TEXT Calculate the Allowance for Doubtful Accounts balance, before adjustment, as at December 31, 2016 Allowance for doubtful accounts unadjusted balance as at December 31, 2016 was a

 

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