Accounts Receivable
Beginning Balance 0 (DR)
Credit Sales 10,000 (DR)
Recoveries 50 (DR)
Cash Collections 8,500 (CR)
Write Offs 300 (CR)
Collection from recoveries 50 (CR)
Ending Balance 1,200 (DR)
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Accounts Receivable
Beginning Balance 0 (DR)
Credit Sales 10,000 (DR)
Recoveries 50 (DR)
Cash Collections 8,500 (CR)
Write Offs 300 (CR)
Collection from recoveries 50 (CR)
Ending Balance 1,200 (DR)
Please, I would appreciate it if someone could review my answer to the above problem and let me know if I have answered it correctly. All the help will be appreciated.
Thanks
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