Question: (Appendices) ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS. At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for uncollectible accounts of $6,307.

(Appendices) ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS. At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for uncollectible accounts of $6,307. During the year Kullerud made credit sales of $890,000, collected receivables in the amount of $812,000, wrote off receivables in the amount of $31,425, and recorded uncollectible account expense of $33,750. LO4 REQUIRED:

Compute the ending balance in Kullerud’s allowance for uncollectible accounts.

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