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Dynamic, Incorperated had credit sales of $690,000 for March. Accounts tecelvable of $9,500 were determined to be worthless and were written off during March. Accounts
Dynamic, Incorperated had credit sales of $690,000 for March. Accounts tecelvable of $9,500 were determined to be worthless and were written off during March. Accounts recelvable total $527,000 at March 34 Management feels that based on past experience, approximately 4% of net credit sales will prove to be uncollectible. Assuming Dymarric, Incorporated uses the income statement opproach (an allowance method) to account for uncollectible accounts, impaiment loss for March is: Multiple Choice $21080 $30,580 $37,100 $27600
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