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Use the following to answer questions 8-11 The following information pertains to JR, Inc. for the month of November: 801000 X.06 4,800 Credit sales $850,000
Use the following to answer questions 8-11 The following information pertains to JR, Inc. for the month of November: 801000 X.06 4,800 Credit sales $850,000 40,000 80,000 300 credit Accounts payable Accounts receivable Allowance for Uncollectible accounts Cash sales 145,000 JR uses the percent of receivables method and estimates it will not collect 6 % of accounts receivable. 8. _Determ ine the ending balance for the Allowance for Uncollectible Accounts 500 9 Determine the appropriate amount to record for Bad Debt expense 10. $ Assuming the Allowance for Uncollectible accounts had a $600 debit balance instead, determine the amount to record for Bad Debt expense $79.100 11 After recording bad debt expense the Net Accounts Receivable is: ZO 000-3a0
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