Johnstone Inc. had a net loss of $81,600 prior to the following transactions: The company wrote...

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Johnstone Inc. had a net loss of $81,600 prior to the following transactions: The company wrote off accounts of customers owing $38,200. The company recovered $9,200 in receivables from customers whose accounts had previously been written off. ● The company recorded bad debts expense of $51,100 based on an aging of its receivables. What would Johnstone's net income (or loss) be after these transactions? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income (loss) $ Johnstone Inc. had a net loss of $81,600 prior to the following transactions: The company wrote off accounts of customers owing $38,200. The company recovered $9,200 in receivables from customers whose accounts had previously been written off. ● The company recorded bad debts expense of $51,100 based on an aging of its receivables. What would Johnstone's net income (or loss) be after these transactions? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income (loss) $

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Answer 123500 Calculation 1 Written off amount of 38200 will ... View the full answer