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Bad Debts question...please confirm for me
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Melody     Reply with quote
Bad Debts question...help?
Sales (100% on Credit) $950,000
Sales Return and Allowances $21,000
Accounts Receivable (December 31) $114,000
Allowance for doubtful accounts (before adjustment at December 31; credit balance) $1,000

If the percentage of net credit sales method is used to estimate bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?
A. $18,580 B. $19,000 C. $19,580 D. $20,000
l think it is D. = 20,000. Am l right?
beert394     Reply with quote
umm, what l dont ur question lol?
Starnr     Reply with quote
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