Duncan Company's year-end trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit),

Question:

Duncan Company's year-end trial balance shows of $89,000, allowance for doubtful accounts of $500 (credit), and net credit sales of $270,000. uncollectibles are estimated to be 1.5% of outstanding Prepare the December 31 year-end adjustment.
b. What amount would have been used in the year-end adjustment had the allowance account had a year-end debit balance of $200?
c. Assume the same facts, except that Duncan estimates uncollectibles as 1% of net credit sales. What amount would be used in the adjustment?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...