Question
A trial balance before adjustments included the following: Debit Credit Sales $425,000 Sales returns and allowance $14,000 Accounts receivable 53,000 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 53,000
Allowance for doubtful accounts 760
9. If the estimate of uncollectibles is made by taking 10% of gross account receivables using the balance sheet approach, the amount of the adjustment is a. $4,540. b. $5,300. c. $5,224. d. $6,060.
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
