What will be the amount of uncollectible accounts expense, Accounting Basics

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What will be the amount of uncollectible accounts expense

The Allowance for uncollecible accounts currently has a debit balance of $200. The companys management estimate that 2.5% of net credit will be uncollectible. Net credit sales are 115,000. What will be the amount of Uncollectible accounts expense reportd on the income statement?

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Accounting Basics: What will be the amount of uncollectible accounts expense

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Accounting Basics: What will be the amount of uncollectible accounts expense

Reference No:- TGS0706159

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is balance on income summary account prior to closing

Q : Recorded as unearned revenue

Q : What is the purchase of a new machine costing

Q : Company uses the straight-line method of depreciation

Q : What will be the amount of uncollectible accounts expense

Q : What amount of office supplies was purchased

Q : Discuss cash receipt for the sale if payment is received

Q : What is the uses of two types of costing methods

Q : Why the dividend growth is expected to match sales growth

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will be the amount of uncollectible accounts expense

Reference No:- TGS0706159

Recent Questions Asked Accounting Basics

Q : What is balance on income summary account prior to closing

Q : Recorded as unearned revenue

Q : What is the purchase of a new machine costing

Q : Company uses the straight-line method of depreciation

Q : What will be the amount of uncollectible accounts expense

Q : What amount of office supplies was purchased

Q : Discuss cash receipt for the sale if payment is received

Q : What is the uses of two types of costing methods

Q : Why the dividend growth is expected to match sales growth

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