Question
Elisse Corp. provides for doubtful accounts based on 5.0% of credit sales. The following data are available for 2017: Credit sales during 2017 $3,225,000 Allowance
Elisse Corp. provides for doubtful accounts based on 5.0% of credit sales. The following data are available for 2017:
| Credit sales during 2017 | $3,225,000 | |
| Allowance for doubtful accounts 1/1/17 | 37,100 | |
| Collection of accounts written off in prior years (customer credit was re-established) | 18,350 | |
| Customer accounts written off as uncollectible during 2017 | 35,450 |
What is the balance in Allowance for Doubtful Accounts at December 31, 2017?
| Allowance for doubtful accounts 12/31/17 : |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
