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Question 24 Not yet answered Marked out of 1.00 Flag question Accounts receivable for the Roberts Company totaled $41,000 and the Allowance for Uncollectible Accounts
Question 24 Not yet answered Marked out of 1.00 Flag question Accounts receivable for the Roberts Company totaled $41,000 and the Allowance for Uncollectible Accounts balance was positive $570 at year end after write offs (i.e., the bad debt expense had been over estimated in the prior period) but before recording the year- end estimate of uncollectible accounts. The company wrote off $490 of uncollectible accounts during the year. Management estimated that 3% of its net credit sales of $60,500 would not be collected. Compute the bad debt expense for the year using the percentage-of-credit-sales method. Select one: O a. $1,080 O b. $490 o c. $1,815 O d. $80
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