In 2016 Warehouse 13 Had Net Credit Sales of $850000

question 100

Multiple Choice

In 2016 Warehouse 13 had net credit sales of $850000. On January 1 2016 Allowance for Doubtful Accounts had a credit balance of $18000. During 2016 $27000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivable basis) . If the accounts receivable balance at December 31 was $160000 what is the required adjustment to the Allowance for Doubtful Accounts at December 31 2016?

• A) $160000
• B) $27000
• C) $25000
• D) $16000

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Definitions:

Five Rights Medication Verification System

A safety protocol in healthcare ensuring medication is given accurately, covering the right patient, drug, dose, route, and time.

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