EFFECT OF DOUBTFUL ACCOUNTS ON NET INCOME. DURING THE FIRST YEAR OF OPERATIONS, MACKS PLUMBING SUPPLY CO HAD SALES OF $300,000

agenow.com/itm/takeAssignment/takeAssignment Main.doFinvoker=&takeAssignmentSessionLocator Binprogresstakse * L eBook Calculator Print Item Effect of Doubtful Accounts on Net Income During its first year of operations, Mack's Plumbing Supply Co. had sales of $300,000, wrote off $4,800 of accounts as uncollectible using the direct write off method, and reported net income of $33,000. 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. agenow.com/itm/takeAssignment/takeAssignment Main.doFinvoker=&takeAssignmentSessionLocator Binprogresstakse * L eBook Calculator Print Item Effect of Doubtful Accounts on Net Income During its first year of operations, Mack's Plumbing Supply Co. had sales of $300,000, wrote off $4,800 of accounts as uncollectible using the direct write off method, and reported net income of $33,000. 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