ShipIt Corporation reported the following rounded amounts (in millions): ...
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Accounting
| ShipIt Corporation reported the following rounded amounts (in millions): |
| May 31 | 2013 | 2012 | ||||||
| Accounts Receivable | $ | 5,295 | $ | 5,000 | ||||
| Allowance for Doubtful Accounts | (235) | (240) | ||||||
| Accounts Receivable, Net of Allowance | $ | 5,060 | $ | 4,760 | ||||
| Net Sales (assume all on credit) | $ | 47,000 | $ | 45,700 | ||||
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