13. ABC corp. had Accounts Receivable of $1,500 and $1,800 at the beginning and end...
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13. ABC corp. had Accounts Receivable of $1,500 and $1,800 at the beginning and end of 2009. The Allowance for uncollectibles were $300 and $340 on these same dates. During the year, ABC recorded Sales of $6,000 and Bad Debt expense of $400. a. The amount written off was $360 and the cash collected on sales was $5,700 b. The amount written off was $360 and the cash collected on sales was $5,340 c. The amount written off was $440 and the cash collected on sales was $5,260 d. The amount written off was $440 and the cash collected on sales was $6,300 e. All the answers above are wrong
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