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In 2022 the Concord Corporation had net credit sales of SOOO. On January 1, 2022, the Allowance for our Account had a credit balance of
In 2022 the Concord Corporation had net credit sales of SOOO. On January 1, 2022, the Allowance for our Account had a credit balance of 521200. During 2022 $32300 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in recevables (percentage ofreceivable basis). If the accounts receivable balance at December 31 was $223000, what is the required adjustment to the Allowance for Doubtful Accounts of December 31, 2022 33400 343500 32300 $22300
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