Respuesta :
Since there is a credit balance of 19,000 in the allowance for bad debt, the balance of accounts receivable will be = 152,000+19,000 = 171,000. (We add because the balance on allowance of bad debt was a "Credit")
The balance of accounts receivable = $171,000
Answer:
The balance of accounts receivable is $171,000.
Explanation:
The balance of account receiveable is the balance of money that a firm can earn due to services not yet delivered, or delivered but not paid by customers(in this case, credit for bad debits). This value is the sum of the net accounts receiveable and the credit for the bad debits.
In this problem, we have that:
net accounts receivable of $152,000;
allowance for bad debts has a credit balance of $19,000.
So the balance of accounts receivable is $152,000+$19,000 = $171,000.
