(Solved by Humans)-Zeta Co. reported sales revenue of $4,600,000 in its income statement for the year ended December...
Question
Zeta Co. reported sales revenue of $4,600,000 in its income statement for the year ended December 31, 2006. Additional information is as follows: align="left"> 12/31/05 12/31/06 Accounts receivable $1,000,000 $1,300,000 Allowance for uncollectible accounts (60,000) (110,000) Zeta wrote off uncollectible accounts totaling $20,000 during 2006. Under the cash basis of accounting, Zeta would have reported 2006 sales of $4,900,000 $4,350,000 $4,300,000 $4,280,000
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