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An analysis of Wahoo's trade accounts receivable at June 30 revealed the following: Age of Accounts Balance, June 30 Estimated Percentage Uncollectible 0-30 days $60,0005%31-60
An analysis of Wahoo's trade accounts receivable at June 30 revealed the following:
Age of Accounts Balance, June 30Estimated Percentage Uncollectible0-30 days $60,0005%31-60 days $5,00010%Over 60 days $2,00070%At June 30, there is a $1,000 credit balance in Allowance for Doubtful Accounts prior to adjustment.
What amount should Wahoo report in the Allowance for Doubtful Accounts in its June 30 balance sheet?
Group of answer choices
$3,900
$4,900
$3,000
$5,900
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