The Shamrock Pub provides catering services to local businesses.
The following information was available for The Shamrock Pub for
the years ended December 31, 2019 and 2020.
December
31, 2019
December
31, 2020
Cash
$
2,180
$
1,680
Accounts receivable
46,500
?
Allowance for doubtful accounts
530
?
Other current assets
8,230
7,930
Current liabilities
38,300
44,700
Total credit sales
201,000
257,000
Collections on accounts receivable
193,000
230,000
Shamrock management is preparing for a meeting with its bank
concerning renewal...