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25-03-2021
Business

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Before year-end adjusting entries, Vaughn Manufacturing's account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accounts were $1570000 and $87300, respectively. An aging of accounts receivable indicated that $129000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is

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topeadeniran2 topeadeniran2

27-03-2021

Answer: $1,441,000

Explanation:

The accounts receivable amount expected to be collected after adjustment will be calculated as the difference between the accounts receivable at December 31st and the expected uncollectibles. This will be:

= $1570000 - $12900

= $1,441,000

Therefore, the answer is $1,441,000

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