Question
A trial balance before adjustments included the following Debit Credit Sales $425,000 Sales returns and allowance $14,000 Accounts receivable 43,000 Allowance for doubtful accounts 760
A trial balance before adjustments included the following
Debit Credit
Sales $425,000
Sales returns and allowance $14,000
Accounts receivable 43,000
Allowance for doubtful accounts 760
- If the estimate of uncollectible is made by taking 2% of gross sales, the amount of the adjustment is?
- If the estimate of uncollectible is made taking 10% of gross accounts receivables, the amount of the adjustment is?
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
