Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. build-a-bridge (bab) inc. begins business operatio

Build-a-Bridge (BAB) Inc. begins business operations on January 1 2022. During the year the company...

60.1K

Verified Solution

Question

Accounting

Build-a-Bridge (BAB) Inc. begins business operations on January 1 2022. During the year the company makes $1,500,000 of sales on account (i.e., on credit). During the year, BAB Inc. makes cash collections of $1,300,000 and records bad debt expense of $50,000. The company writes off $10,000 of its accounts receivable as uncollectible for a bankrupt customer - Sense-a-Bull. What is the net realizable value of BAB's accounts receivable on its December, 31 2022 balance sheet?

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!
Become a Member

Other questions asked by students

Q

175 The Schrodinger wave equation for hydrogen atom is 3 2 Y radial 1 Z...

Physics
Q

Verify stokes theorem when S=(x,y,z): 9x^2+y^2=z^2 and 0 ≤z ≤2 and F(x,y,z)=0i+((9x^2)/2)j+((y^(3)*z)/3)k

Advance Math
Q

Conduct a value chain analysis of Diageo, focusing on ways in which Diageo differs from competitors....

Operations Management
Q

36 The electric field at a point is a always continuous b continuous if there...

Physics
Q

P1 The position function x t 6 0 m cos 3 rad s t 7...

Physics
Q

Using the table write the given Egyptian numeral as a Hindu Arabic numeral 1000 1...

Basic Math
Q

Complete the sentence below 5 If f x 3x x 2 6x 9 then f...

Calculus
Q

Accounting Homework HELP!!! Expand Your Critical Thinking 11-2 The condensed income statement for...

Accounting
Q

9. Korsak Company recorded the following activity for the year just ended: (Note that this...

Accounting
Q

compute depreciation for each year, in total depreciation of all years combined for the machine...

Accounting
Q

Assume a company is preparing a budget for its first three months of operations. During...

Accounting
Q

Cara Company is in the process of preparing its financlasztements for 2020. Assume that no...

Accounting