Wilton sells softball equipment. On November 14, they shipped $3900 worth of sof

Question

Wilton sells softball equipment. On November 14, they shipped $3900 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 $2400 worth of custom printed bats to be produced in December. On November 30, Paola Middle School returned $470 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?

Explanation / Answer

Amount will be recognized as net accounts receivable on the balance sheet as of November 30 => 3900 - 470

Amount will be recognized as net accounts receivable on the balance sheet as of November 30 => $3430

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