Use This Information to Answer the Following Question

question 94

Multiple Choice

Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000.Allowance for Uncollectible Accounts has a credit balance of $1,000.Net sales for the year were $522,000.In the past,2 percent of sales have proved uncollectible,and an aging of accounts receivable accounts results in an estimate of $13,500 of uncollectible accounts.
Using the percentage of net sales method,Uncollectible Accounts Expense would be debited for

• A) $9,440.
• B) $11,440.
• C) $1,000.
• D) $10,440.