Zeta Co. reported sales revenue of $4,600,000 in its income statement for the year ended December...

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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

David · Accepted Answer

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,

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...

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