Information for the Hooper Company Is as Follows (1) What Is the Amount of Uncollectible Account Expense for
Information for the Hooper Company is as follows:
(1) What is the amount of uncollectible account expense for 2009 if the company uses the Percentage of Sales method and 2% of credit sales are deemed uncollectible?
(2) What is the amount of uncollectible expense if the company uses the balance sheet approach and estimates $2,200 as uncollectible in 2009?
(3) What is the estimated collectible amount of accounts receivable if the company uses the balance sheet approach?
(4) If the company writes-off a receivable of $450 what will be the estimated collectible amount of accounts receivable after the write off?
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