Question

At the beginning of 2017, EZ Tech Company's Accounts Receivable balance was $125,000, and the balance in Allowance for Doubtful Accounts was $2,150. EZ Tech's sales in 2017 were $940,000, 80% of which were on credit. Collections on account during the year were $600,000. The company wrote off $4,000 of uncollectible accounts during the year.

Required:
Identify and analyze the sales during 2017.

Answer 1

Answer and Explanation:

Based on the given information, the activity is operating. There is an increase in cash, account receivable and sales

And, the statement is balance sheet and the income statement

So according to the given information, the following these would be identified and analyzed

So the same is to be relevant