Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 5.00

Jay Co.’

The following information relates to Jay Co.’s accounts receivable for 2006:

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Accounts receivable, 1/1/06

$ 650,000

Credit sales for 2006

2,700,000

Sales returns for 2006

75,000

Accounts written off during 2006

40,000

Collections from customers during 2006

2,150,000

Estimated future sales returns at 12/31/06

50,000

Estimated uncollectible accounts at 12/31/06

110,000

What amount should Jay report for accounts receivable, before allowances for sales returns and uncollectible accounts, at December 31, 2006?

  1. $1,200,000
  2. $1,125,000
  3. $1,085,000
  4. $ 925,000

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 11:09 PM My Price 5.00

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