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Brumer World Inc. made sales of $100,000 in the month of January in Year Three. Company officials estimated that $10,000 would prove uncollectible. In February,
Brumer World Inc. made sales of $100,000 in the month of January in Year Three. Company officials estimated that $10,000 would prove uncollectible. In February, a $2,000 balance proves to be uncollectible and is written off. What is the balance of allowance of doubtful debts at the end of February?
Question options:
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$12,000
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$92,000
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$90,000
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$8,000
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$10,000
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