Question
A trial balance before adjustments included the following: Debit Credit Sales $850,000 Sales returns and allowance Accounts receivable Allowance for doubtful accounts $28,000 86,000 1,520
A trial balance before adjustments included the following: Debit Credit
Sales $850,000
Sales returns and allowance
Accounts receivable
Allowance for doubtful accounts
$28,000
86,000
1,520
61. If the estimate of uncollectibles is made by taking 2% of net sales, the amount of the adjustment is
| A) | $13,400. |
| B) | $16,440. |
| C) | $17,000. |
| D) | $19,480. |
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Software Reviews And Audits A How To Guide For Project Staff
Authors: Dr David Tuffley
1st Edition
1461130468, 978-1461130468
