Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at the beginning of the current period, marin corp

At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of...

80.2K

Verified Solution

Question

Accounting

image
At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.) (ad) Your answer is correct

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Describe the pathway/function that is tested with physical exam of deep tendon reflexes, including the location...

Psychology
1.2K views

1. Detail the components of Ethnocentric Mono-culturism. 2. Detail the assessment and actions of the clinician...

Psychology
1.2K views

The Baroque period gave rise to 2 new large scale vocal genres which many consider to...

Economics
1.2K views

A firm with market power faces an inverse demand curve of P = 100 – 10Q....

Physics
1.2K views

Areas within ferromagnetic materials where magnetic fields line up are called magnets domains O magnetic...

Physics
1.2K views

The coefficient of static friction between contact surfaces of two bodies is 1 The contact...

Physics
1.2K views

12 Find the potential difference VA VB for the circuit shown in the figure B...

Geometry
1.2K views

Jessie does a lot of traveling for business When he travels he likes to run...

Calculus
1.2K views

Graph the function f x x 3 x 2 x 1

Accounting
1.2K views

Chapter 14: The basic distinction between job-order costing and process costing is the breadth of...

Accounting
1.2K views

Select One: A) A Debit Balance of $160,000 B) A Debit Balance of $240,000 C)...

Accounting
1.2K views

! Required information Use the following information for the Quick Study below. (Algo)...