Question

*10) What is the ending balance of accounts receivable for the end of September, assuming uncollectible balances are written off at the end of the second month following the sale?*

A) $199,000
B) $97,000
C) $89,800
D) $86,000
Objective 6.A

Answer 1

The ending balance of accounts receivable cannot be determined given the available information.

Step-by-step explanation:

To determine the ending balance of accounts receivable for the end of September, we need to understand the concept of uncollectible balances being written off at the end of the second month following the sale.

This means that any balances that are not paid within two months of the sale will be regarded as uncollectible and will be written off.

So, the ending balance of accounts receivable for the end of September will consist of all the sales made in September that are still within the two-month period.

Any sales made in July will have been written off at the end of September.

Since we don't have specific information about the sales made in September and July, we cannot determine the exact ending balance.

Therefore, none of the options provided (A, B, C, D) can be considered as the correct answer.