ing Enabled: Test $2$ chapters $5-8($

The following information is available for Phoenix Corporation, which uses the allowance method. Phoenix expects $6\%$ of sales on account to be uncollectible.

Sales on account: $$680,000$

Collections on account: $$630,000$

Required:

Compute the amount of uncollectible accounts expense for Year $1.$

Uncollectible accounts expense

$27791-24$

$11000-7$