| uncollectable accounts
16. Joyner Distributing is estimating its allowance for uncollectible accounts at January 31, 2002, based on the following information:
Accounts Receivable, January 1 $1,375,000
Total Accounts Receivable write-offs during January $200,000
Allowance for Uncollectible Accounts, January 1 $175,000
Total sales for January $10,000,000
Sixty percent of Joyner’s total sales for January 2002 are credit sales. Based on past experience, Joyner estimates that 5% of its credit sales will be uncollectible. What is uncollectible accounts expense for January 2002?
a. $125,000
b. $175,000
c. $200,000
d. $300,000
e. $358,750
Please let me know the answer
| 
Linear Mode
