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?
