ohnstone Inc. had a net loss of $85,700 prior to the following transactions: The company wrote...

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ohnstone Inc. had a net loss of $85,700 prior to the following transactions: The company wrote off accounts of customers owing $39,400. The company recovered $8,500 in receivables from customers whose accounts had previously been written off. The company recorded bad debts expense of $43,600 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) ohnstone Inc. had a net loss of $85,700 prior to the following transactions: The company wrote off accounts of customers owing $39,400. The company recovered $8,500 in receivables from customers whose accounts had previously been written off. The company recorded bad debts expense of $43,600 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)

Answer rating: 100% (QA)

Answer 120800 Calculation 1 Written off amount of 39400 will ... View the full answer