sam mitchell is an attorney in los angeles. mitchell law office uses the direct write - off method to…

sam mitchell is an attorney in los angeles. mitchell law office uses the direct write - off method to account for uncollectible receivables. at april 30, 2025, mitchell law offices accounts receivable totaled $14,000. during may, mitchell law office earned revenue of $10,000 on account and collected $21,000 on account. mitchell law office also wrote off uncollectible receivables of $2,400 on may 31, 2025\nread the requirements\nrequirement 1. use the direct write - off method to journalize mitchell law offices write - off of the uncollectible receivables (record debits first, then credits. select the explanation on the last line of the journal entry table )\nrequirement 2. what is mitchell law offices balance of accounts receivable at may 31, 2025?\nmitchell law offices balance in accounts receivable at may 31, 2025 =

sam mitchell is an attorney in los angeles. mitchell law office uses the direct write - off method to account for uncollectible receivables. at april 30, 2025, mitchell law offices accounts receivable totaled $14,000. during may, mitchell law office earned revenue of $10,000 on account and collected $21,000 on account. mitchell law office also wrote off uncollectible receivables of $2,400 on may 31, 2025\nread the requirements\nrequirement 1. use the direct write - off method to journalize mitchell law offices write - off of the uncollectible receivables (record debits first, then credits. select the explanation on the last line of the journal entry table )\nrequirement 2. what is mitchell law offices balance of accounts receivable at may 31, 2025?\nmitchell law offices balance in accounts receivable at may 31, 2025 =

Answer

Explanation:

Step1: Calculate the beginning balance of accounts receivable

The beginning balance (April 30, 2025) of accounts receivable is $14,000.

Step2: Add the revenue earned on account

Revenue earned on account in May is $10,000. So the balance becomes (14000 + 10000=24000).

Step3: Subtract the amount collected on account

Amount collected on account in May is $21,000. Now the balance is (24000 - 21000 = 3000).

Step4: Subtract the uncollectible amount written - off

Uncollectible amount written - off is $2,400. The final balance of accounts receivable is (3000-2400 = 600).

Answer:

(600)