Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 3% of credit sales
$\begin{array}{lr}
\text { Accounts receivable balance } & \$ 600,000 \
\text { Allowance for bad debts balance (credit) } & \$ 200 \
\text { Net Credit Sales } & \$ 215,000\\$
\end{array}$

Question

Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 3% of credit sales
 $\begin{array}{lr}
\text { Accounts receivable balance } & \$ 600,000 \
\text { Allowance for bad debts balance (credit) } & \$ 200 \
\text { Net Credit Sales } & \$ 215,000\\$
\end{array}$

Quizplus · Accepted Answer

The Answer of Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 3% of credit sales
 $\begin{array}{lr}
\text { Accounts receivable balance } & \$ 600,000 \
\text { Allowance for bad debts balance (credit) } & \$ 200 \
\text { Net Credit Sales } & \$ 215,000\\$
\end{array}$

Determine the Amount of the Adjustment for Bad Debts Given