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12 May, 15:46

Potato Company began the period with an accounts receivable balance of $2,562 and a balance in the allowance for doubtful accounts of $393 The following transactions occurred in Potato Company a. During the period, customer balances are written off in the amount of $568 b. At the end of the period, bad debt expense is estimated to be $953. What is the Net Accounts receivable after these transactions

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  1. 12 May, 15:53
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    The Net Accounts Receivable after all these transaction is $778

    Explanation:

    Potato Company

    Allowances for doubtful account

    Beginning balance $393

    Less: Account written off $568

    Total balance $175

    Bad Debt expense $953

    Less: Remaining balance $175

    Net Accounts Receivable $778
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