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question 173

Multiple Choice

[The following information applies to the questions displayed below.]
Dynamic,Inc.had credit sales of $675,000 for March.Accounts receivable of $6,000 were determined to be worthless and were written off during March.Accounts receivable total $575,000 at March 31.Management feels that based on past experience,approximately 2% of net credit sales will prove to be uncollectible.
-Assuming Dynamic,Inc.uses the income statement approach (an allowance method) to account for uncollectible accounts,uncollectible accounts expense for March is:

• A)$11,500.
• B)$17,500.
• C)$19,500.
• D)$13,500.

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