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Mellon Corporation The data presented below are for Melton Corporation for the year ended December 31, 2017 Sales (100% on credit) $1,500,000 Sales returns 60,000
Mellon Corporation The data presented below are for Melton Corporation for the year ended December 31, 2017 Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts receivable (December 31, 2017) 250,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 Refer to the data for Mellon Corporation It Melton estimates its bad debts at 2% of net credit sales, what amount will be reported as bad debts exprice for 2017 Os. 22,300 Ob. 330.000 Oc. $35.800 Od $27.000 Prov Net
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