Question
A trial balance before adjustments included the following: Debit Credit Sales $425,000 Sales Return & Allowance $14,000 Accounts Receivables $43,000 Allowance for Doubtful Debt $760
A trial balance before adjustments included the following:
|
| Debit | Credit |
| Sales |
| $425,000 |
| Sales Return & Allowance | $14,000 |
|
| Accounts Receivables | $43,000 |
|
| Allowance for Doubtful Debt |
| $760 |
A If the estimate of uncollectible is made by taking 2% of net sales, the amount of the adjustment is $ Answer
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Audit Planning Conduct And Closure Of Issues For Successful Resolution
Authors: Bincy Abraham, Imran Chaki, Naisarg Pujara
1st Edition
6200484961, 978-6200484963
