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Budget Cars Inc. has a strong business in Florida (close to Disney World). The leasen vehicle segment reported accounts receivable of $2,380,000 and an allowance
Budget Cars Inc. has a strong business in Florida (close to Disney World). The leasen vehicle segment reported accounts receivable of $2,380,000 and an allowance for uncollectible accounts of $6000 debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for oncollectible accounts should be of accounts receivable. The amount of the adjustment for uncollectible accounts would be Mitple Choice $77400 $78000 O $71400 $65.400
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