Effect of Doubtful Accounts on Net Income

During its first year of operations, Macks Plumbing Supply Co. had sales of $290,000, wrote off $4,600 of accounts as uncollectible using the direct write-off method, and reported net income of $31,900. Determine what the net income would have been if the allowance method had been used, and the company estimated that 1 3/4% of sales would be uncollectible. $