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mooonkey
Sep 27, 2015, 06:29 PM
Company had the following information relating to credit sales in 2009


Accounts receivable December 31, 2009

$

8,000



Allowances for doubtful accounts, Dec.31, 2009 (before adjustment)

$

750



Credit sales during 2009

$

38,000



Cash sales during 2009

$

12,000



Collections from customers on account during 2009

$

41,000




Using the percentage-of-sales method, what is the adjusted balance in the Allowance account at year-end 2009?

paraclete
Sep 28, 2015, 03:26 AM
The number you seek is probably 450