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The Walking Dead Co provides services for both cash and on account. The accounts are adjusted monthly. For September, the following information is available:
The Walking Dead Co provides services for both cash and on account. The accounts are adjusted monthly. For September, the following information is available: Accounts Receivable on September 1st is $22,400 Allowance for Doubtful Accounts on September 1st is $4,400. Services provided during September for cash $20,000 Services provided during September on account $45,000 During the month collections on account were $34,400 and accounts written off as bad debts were $2.000 The Walking Dead estimates that 8% of accounts receivable will default (not pay). Do not use the dollar sign or a decimal in your answer. Commas are ok. What is the September 30th balance in Allowance for Uncollectible Accounts?
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