Title: A company has $286,000 in credit sales. The company uses the allowance method to account for ... Post by: bravata on Feb 20, 2017 A company has $286,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $2,280 credit balance. If the company estimates that $7,640 of accounts will be uncollectible based on an aging of Accounts Receivable, what will be the amount of the journal entry to record estimated uncollectible accounts?
A) $7,640 B) $9,920 C) $4,560 D) $5,360 Title: Re: A company has $286,000 in credit sales. The company uses the allowance method to account for ... Post by: largerthanlife on Feb 20, 2017 Content hidden
|