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9 of 18 The credit manager at MAX Company estimated that about 2% of credit sales is uncollectable. The following data were available for 2020-
9 of 18 The credit manager at MAX Company estimated that about 2% of credit sales is uncollectable. The following data were available for 2020- $ 84.000 Allowance for doubtful accounts, 1/1/20 (Cr.)! Accounts written off during 2020 Credit sales in 2020. 52.000 14.000.000 The Allowance for Doubtful Accounts balance at December 31, 2020, should be: $364 000 $312.000 $248,000 $52.000
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