At January 1,Davidson Services Has the Following Balances: During

question 103

Multiple Choice

At January 1,Davidson Services has the following balances: During the year,Davidson has $104,000 of credit sales,collections of $100,000,and write-offs of $1,400. Davidson records Uncollectible accounts expense at the end of the year using the percent-of-sales method,and applies a rate of 1.1%,based on past history.
Prior to the year-end entry to adjust the Uncollectible accounts expense,what is the balance in Accounts receivable?

• A) $2,600
• B) $11,600
• C) $4,000
• D) $13,000

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Navigation Pane

A user interface panel that provides access to folders, files, or functions within a software application.

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Delete Query

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