If a company uses the percent of receivables method to estimate uncollectible accounts, the company will first determine the required ending balance in Allowance for Doubtful Accounts; the Uncollectible Accounts Expense will be the difference between that amount and the unadjusted credit balance in the Allowance for Doubtful Accounts.

Wacompany uses the percent of receivables method to estimate collectible accounts, the company will test determine the required ending balance in Allowance for Doute Account the Uncolectie Accounts Expense will be the difference between that amount and the unadjusted credit balance in the Allowance for Doubtful Accounts True or False True False