Question

Wilton sells softball equipment. On November 14, they shipped $3500 worth of softball uniforms to Paola Middle School, terms 1/10, n/30. On November 21, they received an order from Douglas High School for $2000 worth of custom printed bats to be produced in December. On November 30, Paola Middle School returned $400 of defective merchandise. Wilton has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?

Wilton sells softball equipment. On November 14, t
A. $3500
B. $5900
C. $3100
D. $5500

Answer 1

$3,100

Step-by-step explanation:

Net Accounts Receivable = Received order from Douglas high school - Return from Paola middle school

Net Accounts Receivable = $3,500 - $400

Net Accounts Receivable = $3,100

So, the amount that will be recognized as net accounts receivable on the balance sheet as of November 30 is $3,100