On July 31,the accountant for Team Shirts was reviewing items related to accounts receivable.The following information was gathered for July.Credit sales for July were $13,700.Bad debts are estimated to be 3% of sales.The unadjusted balance in the Allowance for uncollectible accounts is $(750).
1.What is the amount of bad debts expense for July and on which financial statement is it found?
2.What will be the amount in the Allowance for uncollectible accounts at July 31 and on which financial statement is it found?

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The Answer of On July 31,the accountant for Team Shirts was reviewing items related to accounts receivable.The following information was gathered for July.Credit sales for July were $13,700.Bad debts are estimated to be 3% of sales.The unadjusted balance in the Allowance for uncollectible accounts is $(750).
1.What is the amount of bad debts expense for July and on which financial statement is it found?
2.What will be the amount in the Allowance for uncollectible accounts at July 31 and on which financial statement is it found?

On July 31,the Accountant for Team Shirts Was Reviewing Items