Question
For the year ended December 31, 2010, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data
For the year ended December 31, 2010, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available: Allowance for uncollectible accounts, 1/1/10 $56,000 Provision for uncollectible accounts during 2010 (2% on credit sales of $2,000,000) 40,000 Uncollectible accounts written off, 11/30/10 56,000 Estimated uncollectible accounts per aging, 12/31/10 69,000 After year-end adjustment, the uncollectible accounts expense for 2010 should be $46,000 $62,000 $69,000 $59,000.
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