Days of Slumber sells mattress for cash and on credit. At the end of 2014, the following appeared in the company’s balance sheet:

Accounts receivable, net of $2,460 allowance……………………$166,200

Which one of the following statements for Days of Slumber is correct?

• a. The net realizable value of Days of Slumber’s accounts receivable totals $163,740
• b. Days of Slumber expects to collect $163,470 from customers
• c. Customers owe $168,660 to Days of Slumber
• d. Days of Slumber wrote off $2,460 of uncollectible accounts during 2014.

Answer rating: 100% (QA)

The correct answer is Customers owe 168660 to Days of Slumber Explanatio... View the full answer