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The bookkeeper of vitial inc has asked to assist him with preparation of financial information about the company's trade receivables for presentation in the statement of financial position at december 31 2015, the end of the company's fiscal year.

Trade receivable jan 2015 500,00

allowance for doubtful accounts jan 2015 25,00

1) Determine the balance of trade receivable ?

2) Vital estimate 6% wont be collected, prepare ournal entry /?

3) How the information is presented on the financial statement?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966623

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