The following accounts were abstracted from Almond Co.'s unadjusted trial balance at December 31,2019:

The company estimates that 5 percent of the gross accounts receivable will become uncollectable.After adjustment at December 31,2019,the allowance for doubtful accounts should have a credit balance of

Question

The following accounts were abstracted from Almond Co.'s unadjusted trial balance at December 31,2019:

The company estimates that 5 percent of the gross accounts receivable will become uncollectable.After adjustment at December 31,2019,the allowance for doubtful accounts should have a credit balance of

Quizplus · Accepted Answer

A)3,850,000 × 5% = 192,500

The Following Accounts Were Abstracted from Almond Co