The beginning balance in Accounts Receivable on Company A’s Year 2 Balance Sheet is $20,000 and the ending balance is $110,000. Cash collections from customers are $105,000, and an account for a customer owing $5,000 was written off because the company didn’t think the customer would pay. What is the Sales on account during Year 2 on the Year 2 Income Statement? Assuming no other transactions affected the account during the year.
6. Question 6 The beginning balance in Accounts Receivable on Company A’s Year 2 Balance Sheet is $20,000 and the ending balance is $110,000. Cash collections from customers are $105,000,…
