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Marshall Company had the following information in 2016: Allowance for uncollectible accounts 12/31/16 (before adjustment. Credit service revenue during 2016....................... Cash service revenue during 2016
Marshall Company had the following information in 2016: Allowance for uncollectible accounts 12/31/16 (before adjustment. Credit service revenue during 2016....................... Cash service revenue during 2016 Collections from customers on account during 2016........ $ 14,000 800 35,000 16,000 58. Uncollectible accounts are determined by the percent-of-sales method to be 2% of credit sales How much is uncollectible-account expense for 2016? a. $320 b. $1,010 c. $700 d. $800 59. Uncollectible account expense for 2016 is S1,450. What is the adjusted balance in the Allowance account at year-end for 2016? a. $800 b. $650 c. $2,250 d. $1,450
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