At the close of its first year of operations, december 31, 2010, ming company had accounts receivable of $540,000, after deducting the related allowance for doubtful accounts. during 2010, the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of $40,000. what should the company report on its balance sheet at december 31, 2010, as accounts receivable before the allowance for doubtful accounts?

The company report on its balance sheet at December 31, 2010, as accounts receivable before the allowance for doubtful account is $590,000

Explanation:

The computation of the accounts receivable before the allowance is shown below:

= Beginning account receivable balance + bad debt expense -  uncollectible accounts receivable

= $540,000 + $90,000 - $40,000

= $590,000

The bad debt is an expense so it will be added whereas the account receivable which is not yet collected should be deducted in the computation part.  

i'm pretty sure the answer is 60.

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