Uncollectible accounts = 1% of sales
Balance in allowance for bad debt on December 31, 2017 = 600,000 x 1%
= $6,000
Hence, correct option is a.
Kindly comment if you need further assistance. Thanks‼!
Use the following information to answer the next 2 questions At December 31, 2017 before any...
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[The following information applies to the questions
displayed below.]
At December 31, 2018, Hawke Company reports the following results
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