Shelton Company has the following account balances at year-end: Accounts receivable $140,000
Allowance for doubtful accounts 7,200
Sales discounts 4,800
Shelton should report accounts receivable at a net amount of:
a. $120,000.
b. $ 12,800.
c. $1 08,000.
d. $115,200

See below

Explanation:

Given the above information, Shelton should report the account receivable at a net amount as computed below;

= Accounts receivables - Allowance for doubtful account

Accounts receivables = $140,000

Allowance for doubtful account = $7,200

= $140,000 - $7,200

= $132,800

Therefore, account receivables at a net amount is $132,800

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