Amy Macintosh, an attorney, uses the direct write-off method to account for uncollectible receivables. On...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Amy Macintosh, an attorney, uses the direct write-off method to account for uncollectible receivables. On September 30, Macintoshs accounts receivable were $16,500. During October, she earned service revenue of $21,000 on account and collected $19,000 from clients on account. She also wrote off uncollectible receivables of $1,600. What is Macintoshs balance of Account Receivable on October 31? Does she expect to collect this entire amount? Why or why not?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
