During the year, Marigold Company wrote off a $43000 uncollectible account. Before this entry was...

60.1K

Verified Solution

Question

Accounting

During the year, Marigold Company wrote off a $43000 uncollectible account. Before this entry was made, the balance in accounts receivable was $450000 and the balance in the allowance account was $48000. The accounts receivable amount expected to be collected after the write-off was
$359000.
$402000.
$450000.
$445000.
image

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