Question
The following information is from the 2017 records of Robin Antique Shop: Accounts receivable, December 31, 2017 $ 41 comma 000$41,000 (debit) Allowance for Bad
The following information is from the 2017 records of Robin Antique Shop:
Accounts receivable, December 31, 2017 | $ 41 comma 000$41,000 (debit) | |
Allowance for Bad Debts, December 31, 2017 prior to adjustment | 1 comma 4001,400 (debit) | |
Net credit sales for 2017 | 180 comma 000180,000 | |
Accounts written off as uncollectible during 2017 | 11 comma 00011,000 | |
Cash sales during 2017 | 27 comma 00027,000 |
Bad debts expense is estimated by the
percentminus?ofminus?sales
method. Management estimates that
44 %
of net credit sales will be uncollectible. The ending balance of the Allowance for Bad Debts account after adjustment will be ________.
Answers
$9680
$6880
$5800
$$8600
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