As of January Farley Co had a credit balance of $ in its allowance for
uncollectible accounts. Based on experience, of Farley's credit sales have been
uncollectible. During Farley wrote off $ of accounts receivable. Credit
sales for were $ In its December balance sheet, what amount
should Farley report as allowance for uncollectible accounts?
A $
B $
C $
D $
As of December Amy Jo's Appliances had unadjusted account balances in
accounts receivable of $ and $ in the allowance for uncollectible accounts,
following writeoffs of $ in bad debts. An analysis of Amy Jo's December
accounts receivable suggests that the allowance for uncollectible accounts should
be of accounts receivable. Bad debt expense for should be:
A $
B $
C $
D None of these answer choices are correct.
