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8 April, 10:48

Before year-end adjusting entries, Marigold Corp.'s account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accounts were $1540000 and $91500, respectively. An aging of accounts receivable indicated that $123000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is

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  1. 8 April, 10:50
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    1,417,000

    Explanation:

    $123000 of the December 31 receivables is to be subtracted from $1540000 of the related allowance for uncollectible accounts

    = $1540000 - $123000

    = $1,417,000.

    The accounts receivable amount expected to be collected after adjustment is $1,417,000
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