Sales Revenue Approach

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Feb 6, 2007, 06:30 PM

bondinidesigns

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Join Date: Feb 2007

Posts: 1

Sales Revenue Approach

I need help answering this question. Using the sales revenue approach fo restimated bad debt expense, after proper adjustments to the accounts are recorded, what should the Allowace for Uncollectibles account show for a balance. Sales are $600.000, Ending AR $180,000, Ending Allowance for Uncollectibles is $6,200 CR, Bad Debt Expense is $5,000 and Estimated Uncollectibles if 4%.

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