During The Year Everlight Has 155000 Of Credit Sales Collections Of Credit Sales
during the year, Everlight has $155000 of credit sales, collections of credit sales of $143000 and write offs of $3300. It records bad debts expense at the end of the year using th aging of receivable method. At the end of the year, the aging analysis shows that $1,700 is the estimate of uncollectible accounts. Before the year end entry to adjust th ebad debt expense is made, the balance in the allowance for bad debt expense is?
Leave a Reply
Want to join the discussion?Feel free to contribute!