Question

Stephanie Stouse, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30, Stouse’s accounts receivable were $18,000.
During October, she earned service revenue of $16,000 on account and collected $21,000 from clients on account. She also wrote off uncollectible receivables of $1,700. What is Stouse’s balance of Accounts Receivable on October 31? Does she expect to collect this entire amount? Why or why not?



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  • CreatedApril 29, 2014
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