The Fisher Merchandising Company’s December 31 balance sheet contained the follo
ID: 2426405 • Letter: T
Question
The Fisher Merchandising Company’s December 31 balance sheet contained the following information. If the Fisher Merchandising Company were to send invoices to its December 31 customers, what is the total dollar amount of invoices the company would send?
Assets
Current Assets
Cash
$13,000
Accounts Receivable
$35,700
Allowance for Uncollectible Accounts
$2,000
$33,700
Merchandise Inventory
$59,000
Supplies
$1,450
Prepaid Insurance
$2,950
a.
$0
b.
$13,000
c.
$35,700
d.
$2,000
e.
$33,700
Explanation / Answer
they will send invocies for all total account receivable and it is 33,700