Z Company Obtained the Following Balances from Its Computerized Accounting

question 36

Multiple Choice

Z Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments: The company estimates that 2% of net sales will be uncollectible.After the correct adjusting entry has been made,what is the net accounts receivable on the year-end balance sheet?

• A)This is a trick question.Accounts receivable appear on the income statement,not the balance sheet.
• B)$46,000
• C)$45,000
• D)$44,000

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