Health
Health, 28.09.2019 11:10, brie7396

Once the accounts are aged, which action should you do to collect?

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The balance sheet of sweet company at december 31, 2019, includes the following. notes receivable $54,600 accounts receivable 191,700 less: allowance for doubtful accounts 26,300 $220,000 transactions in 2020 include the following. 1. accounts receivable of $147,000 were collected including accounts of $64,400 on which 2% sales discounts were allowed. 2. $5,620 was received in payment of an account which was written off the books as worthless in 2019. 3. customer accounts of $26,500 were written off during the year. 4. at year-end, allowance for doubtful accounts was estimated to need a balance of $26,900. this estimate is based on an analysis of aged accounts receivable.
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