At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307 and at the end of the year it was a credit balance of $9,000. During the year Kullerud made credit sales of $890,000, collected receivables in the amount of $812,000, and recorded bad debt expense of $33,750. Required: Compute the
At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307 and at the end of the year it was a credit balance of $9,000. During the year Kullerud made credit sales of $890,000, collected receivables in the amount of $812,000, and recorded bad debt expense of $33,750.
Required:
Compute the amount of receivables that Kullerud wrote during the year.
Required:
Compute the amount of receivables that Kullerud wrote during the year.
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Cornerstones of Financial and Managerial Accounting
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
ISBN: 978-1111879044