Net credit sales for the month are $ 810000 . The accounts receivable balance is $ 170000
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Question:
Net credit sales for the month are $810000. The accounts receivable balance is $170000. The allowance is calculated as 5% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $6000before adjustment, what is the balance after adjustment?
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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