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In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000. During the year, Dinty wrote off $32,000 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,200,000, and cash collections from credit customers totaled $1,950,000. What accounts receivable balance would Dinty report in its first year-end balance sheet?

Respuesta :

Tundexi

Answer:

$218,000

Explanation:

Account receivable balance = Credit sales - Cash collection - Wrote-offs

Account receivable balance = $2,200,000 - $1,950,000 - $32,000

Account receivable balance = $218,000

So, the accounts receivable balance would Dinty report in its first year-end balance sheet is $218,000