Question

During 2015, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2015, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be bad debts.

Required:
1. Record the adjustment for uncollectible accounts on December 31, 2015.
2. Calculate the net realizable value of accounts receivable.



$1.99
Sales1
Views480
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000