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Gems Corp is a furniture retaile allowing customers to buy the cash or credit Gases...

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Accounting

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Gems Corp is a furniture retaile allowing customers to buy the cash or credit Gases the Accounts Receivable ways od to come collectible acco, uting only the end of the year Became com times are tough, Grums management increased its uncollectability percentage from 7% of Account Recewable fiscal 2019 o 10% of Account Recewable is focal 2020 Grams has the following accounting data Revenues on a cash basis Bad Debts Expense 2020 Account Receivable, 1/1/2020 Account Receivable 12/31/2020 $350.000 56,720 $35,000 $50,000 What total amount of revenue (on an accrual basis) would Grams report for 20207 Numer Response

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