Using the Percentage of Net Sales Method,uncollectible Accounts Expense for the Year

question 103

Multiple Choice

Using the percentage of net sales method,uncollectible accounts expense for the year is estimated to be $44,000.If the balance of the Allowance for Uncollectible Accounts is a $9,000 credit before adjustment,what is the balance after adjustment?

• A)$9,000
• B)$35,000
• C)$44,000
• D)$53,000

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