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A Company has the following information available relating to their accounts receivable: Beginning Accounts Receivable 100,000 Beginning Allowance for Doubtful Accounts 6,000 Credit Sales 950,000
A Company has the following information available relating to their accounts receivable: Beginning Accounts Receivable 100,000 Beginning Allowance for Doubtful Accounts 6,000 Credit Sales 950,000 Cash Sales 225,000 Accounts Written Off 9,000 Collections of Credit Sales 915,000 Collections of Accounts Previously Written Off 2,000 Estimated % of A/R to be uncollected 5.25% What is the amount of the adjustment to Allowance for Doubtful Accounts
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