Technics Corporation wrote off $28,700 of accounts receivable during the year ended November 30, 2010. The balance of Allowance for Uncollectible Accounts at December 1, 2009, was $34,200, and at November 30, 2010, it was $29,500.
Determine the amount of uncollectible accounts expense for the year ended November 30, 2010.
A review of the financial statements of Micromania, Inc., revealed a beginning and ending Allowance for Uncollectible Accounts balance of $32,500 and $28,600, respectively. If the uncollectible accounts expense for the period was $15,530, what was the total dollar amount of accounts written off during the period?
The statement of cash flows for Steinhoff Corporation for the year ended June 30, 2010, reported cash received from customers of $5,680,000. Steinhoff’s comparative balance sheets for June 30, 2009, and 2010, reported net accounts receivable balances of $690,000 and $765,000, respectively.
Determine the net sales reported by Steinhoff for the year ended June 30, 2010.
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