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Marston Company has outstanding accounts receivable totaling 4.5 million as of December 31 and sales on credit during the year of 20 million. There is
Marston Company has outstanding accounts receivable totaling 4.5 million as of December 31 and sales on credit during the year of 20 million. There is also a credit balance of 18,000 in the allowance for doubtful accounts. After aging its receivables, the company estimates that 2% of its receivables will be uncollectible. What will be the balance for the Allowance for Uncollectible Accounts after the year-end adjustment is made to record bad debt expense?
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