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Author Question: Charmed Inc. has an Account Receivable balance of $27,500 and its Allowance for Uncollectible ... (Read 353 times)

mspears3

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on: Feb 18, 2020
Charmed Inc. has an Account Receivable balance of $27,500 and its Allowance for Uncollectible Accounts balance is $1,250. How will this be reported on the Balance Sheet?
◦
Accounts Receivable, Net of Allowance for Uncollectible Accounts of $1,250$26,250​

◦
Accounts Receivable$26,250

◦
Accounts Receivable27,500
Less: Allowance for Uncollectible Accounts 1,250
Accounts Receivable, Net$26,250

◦ Both A and C are acceptable ways to report Accounts Receivable.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by mspears3 on Feb 18, 2020

dpost18

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Rupak3715

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Reply #2 on: Oct 29, 2021
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