Question
Ryan Company had the following information in 2014 Accounts receivable 12/31/14. . . . . . . . . . . . . . .
Ryan Company had the following information in 2014
Accounts receivable 12/31/14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $13,000 |
Allowance for uncollectible account 12/31/14 (before adjustment). . . . . . | 650 |
Credit sales during 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 47,000 |
Cash sales during 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 10,000 |
Collections from customers on account during 2014. . . . . . . . . . . . . . . . | 50,000 |
If uncollectible accounts are determined by the aging-of-receivables method to be $ 970 the uncollectible-account expense for 2014 would be:
A.$ 320
B.$ 970
C.$ 650
D.$ 940
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