The Doyle Merchandising Companys December 31 balance sheet c

The Doyle Merchandising Company’s December 31 balance sheet contained the following information. If the Doyle 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

$9,000

Accounts Receivable

$14,000

Allowance for Uncollectible Accounts

$1,200

$12,800

Merchandise Inventory

$26,000

Supplies

$1,300

Prepaid Insurance

$1,900

$0

$14,000

$1,200

$12,800

$9,000

Assets
Current Assets
Cash		$9,000
Accounts Receivable	$14,000
Allowance for Uncollectible Accounts	$1,200	$12,800
Merchandise Inventory		$26,000
Supplies		$1,300
Prepaid Insurance		$1,900

Solution

Total dollar amount of invoices the company would send = Accounts Receivable = $14000