Homework Answers
Answer:
Uncollectible Accounts Receivable = Accounts Receivable *
6%
Uncollectible Accounts Receivable = $50,000 * 6%
Uncollectible Accounts Receivable = $3,000
Total Doubtful Accounts Expense = Uncollectible Accounts
Receivable – Allowance for Doubtful Accounts
Total Doubtful Accounts Expense = $3,000 - $400
Total Doubtful Accounts Expense = $2,600
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