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Dynamic, Inc. had credit sales of $610,000 for March Accounts receivable of $5,500 were determined to be worthless and were written off during March. Accounts
Dynamic, Inc. had credit sales of $610,000 for March Accounts receivable of $5,500 were determined to be worthless and were written off during March. Accounts receivable total $503,000 at March 31. Management feels that based on past experience, approximately 4% of net credit sales will prove to be uncollectible. 12. Required information 5.00 points Assuming Dynamic, Inc. uses the income statement approach an allowance method to uncolectible accounts, uncollectible accounts exponse for Marchis: $20,120. $25,620 $29,900 $24.400
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