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    Jdonovan143's Avatar
    Jdonovan143 Posts: 1, Reputation: 1
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    #1

    Nov 16, 2008, 06:22 PM
    Accounts Receivable
    Sandler company has the following account balances at year end:
    Accounts receivable $80,000
    Allowance for doubtful accounts 4,800
    Sales discounts 3,200

    Sandler should report accounts receivable at a net amount of :
    a. $72,000
    b. $75,200
    c. $76,800
    d. $80,000
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Dec 5, 2008, 05:44 AM

    Answer is A/R - Allowance for Doubtful Acocunts = Net Accounts Receivable

    Sales Discount is a contra Revenue Account.
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