UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. Bradford

~Plumbing had the following data for a recent year. lol

REQUIRED:
1. Compute uncollectible account expense for the year. 2. Determine the ending balances in accounts receivable and allowance for uncollectible accounts.

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Credit sales Allowance for uncollectible accounts, 1/1 (a credit balance) Accounts receivable, 1/1.... Collections on accounts receivable $289,000 950 38,700 291,000 Accounts receivable written off Bradford estimates that 2.2% of credit sales will eventually default. 4,620