A company started the year with accounts receivable of $15,000 and an allowance for uncollectible accounts of $(1,500).

A company started the year with accounts receivable of
$15,000 and an allowance for uncollectible accounts of $(1,500).  During the year, sales (all on account) were
$110,000 and cash collections for sales amounted to $105,000.  Also, $1,000 worth of uncollectible accounts
were specifically identified and written off.
Then, at year end, the company estimated that 10% of ending accounts receivable
would be uncollectible.

Order Now