请问FAR这道算AR的题目为何不包括17,000 recovered amt?# Accounting - 会计审计
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In its December 31, Year 1, balance sheet, Fleet Co. reported accounts
receivable of $100,000 before
allowance for uncollectible accounts of $10,000. Credit sales during Year 2
were $611,000, and collections
from customers, excluding recoveries, totaled $591,000. During Year 2,
accounts receivable of $45,000 were
written off and $17,000 were recovered. Fleet estimated that $15,000 of the
accounts receivable at
December 31, Year 2, were uncollectible. In its December 31, Year 2, balance
sheet, what amount should
Fleet report as accounts receivable before allowance for uncollectible
accounts?
a. $58,000
b. $67,000
c. $75,000
d. $82,000
Explanation
Choice "c" is correct. The question requires the determination of accounts
receivable before the allowance
for uncollectible accounts. The calculation of the accounts receivable
balance is:
B Beginning: A/R 1/1/Year 2 $100,000
A Additions: Credit sales 611,000
Recoveries 17,000
S Subtracts: Collections (591,000)
Collections (Recovery) (17,000)
Written-off A/R (45,000)
E Ending: A/R 12/31/Year 2 $ 75,000
答案先加又减了，为什吗要减掉呢？谢谢！
receivable of $100,000 before
allowance for uncollectible accounts of $10,000. Credit sales during Year 2
were $611,000, and collections
from customers, excluding recoveries, totaled $591,000. During Year 2,
accounts receivable of $45,000 were
written off and $17,000 were recovered. Fleet estimated that $15,000 of the
accounts receivable at
December 31, Year 2, were uncollectible. In its December 31, Year 2, balance
sheet, what amount should
Fleet report as accounts receivable before allowance for uncollectible
accounts?
a. $58,000
b. $67,000
c. $75,000
d. $82,000
Explanation
Choice "c" is correct. The question requires the determination of accounts
receivable before the allowance
for uncollectible accounts. The calculation of the accounts receivable
balance is:
B Beginning: A/R 1/1/Year 2 $100,000
A Additions: Credit sales 611,000
Recoveries 17,000
S Subtracts: Collections (591,000)
Collections (Recovery) (17,000)
Written-off A/R (45,000)
E Ending: A/R 12/31/Year 2 $ 75,000
答案先加又减了，为什吗要减掉呢？谢谢！
