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I'm having trouble with this question: ArundelCompany uses percentage of sales to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has
I'm having trouble with this question: ArundelCompany uses percentage of sales to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $865,000 in credit sales.Arundel assumes that 1.5% of sales will eventually be uncollectible.before adjustment, the Allowance for Uncollectible Accounts had a credit balance of 4,000.What dollar amount should be credited to Allowance for Uncollectible Accounts at year end?
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