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Rubio Corp. has outstanding accounts receivable of $304386.0 as of December 31st and sales on credit during the year of $1100449.0. There is also a
Rubio Corp. has outstanding accounts receivable of $304386.0 as of December 31st and sales on credit during the year of $1100449.0. There is also a debit balance of $5434.0 in the allowance for doubtful accounts. In the company estimates that 6.0% of it's outstanding receivables will be uncollectible, what will the balance be in the allowance for doubtful accounts after the year end adjustment to record bad debt expense?
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