Sports Shop Reports Net Accounts Receivables on Its December 31

question 55

Multiple Choice

Sports Shop reports net accounts receivables on its December 31, 2019, balance sheet at $105,460. The allowance for doubtful accounts has a normal balance of $3,200 after adjustment. What is the ending balance in the accounts receivable account?

• A)$102,260
• B)$105,460
• C)$108,660
• D)$99,060

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Definitions:

BP

An abbreviation for "Before Present," a time scale used mainly in archaeology, geology, and other scientific disciplines to specify when events in the past occurred.

Open-Ended Conversations

Discussions that do not have a predetermined conclusion, allowing participants to explore various topics freely.

Material Culture

The durable aspects of culture such as tools, buildings, and art objects.

On-Location Research

The conduct of research in the actual setting where phenomena occur naturally or where historical events took place.