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Sam's Shed had account balances in Accounts Receivable of $200,500 and in Allowance for Uncollectible Accounts of $900 (debit) before any adjustments on December 31.
Sam's Shed had account balances in Accounts Receivable of $200,500 and in Allowance for Uncollectible Accounts of $900 (debit) before any adjustments on December 31. An analysis on December 31 determined that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the end of period adjustment would be: $6,915 OA $7,815 OB. $5,115 OC. $6,015 OD
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