What will be the amount of expense reported


Portia Incorporated uses the percentage-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $2,000,000, and management estimates 2% will be uncollectible. Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $1,900. what will be the amount of expense reported on the income statement and the balance in Allowance for Uncollectible accounts, respectively ?

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Accounting Basics: What will be the amount of expense reported
Reference No:- TGS071814

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