Mangini Company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts
Fantastic news! We've Found the answer you've been seeking!
Question:
Mangini Company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If its Allowance for Doubtful Accounts has a credit balance of $3,000 prior to adjustment, its balance after adjustment will be a credit of
Select one:
A. $14,000
B. $21,000
C. $13,980
D. $13,000
Posted Date: