Accounts receivable, net

9 Months Ended

Mar. 31, 2012

Accounts receivable, net

6. Accounts receivable, net

The Accounts receivable, net caption in the Consolidated Balance Sheet is comprised of the following components:

	March 31, 2012			June 30, 2011
Accounts receivable, trade	$	1,843,990		$	1,780,137
Allowance for doubtful accounts		(13,235	)		(10,472	)
Non-trade accounts receivable		82,525			75,550
Notes receivable		148,221			132,641
Total	$	2,061,501		$	1,977,856

Accounts receivable, trade are initially recorded at their net collectible amount and are generally recorded at the time the revenue from the sales transaction is recorded. Receivables are written off to bad debt primarily when, in the judgment of the Company, the receivable is deemed to be uncollectible due to the insolvency of the debtor.