Use the following information for questions 104 and 105.
A trial balance before adjustments included the following:
-If the estimate of uncollectibles is made by taking 10% of gross account receivables, the amount of the adjustment is

Question

Use the following information for questions 104 and 105.
A trial balance before adjustments included the following: 
-If the estimate of uncollectibles is made by taking 10% of gross account receivables, the amount of the adjustment is

Quizplus · Accepted Answer

The amount of the adjustment is $8,600. The estimate of uncollectibles is made by taking 10% of gross account receivables, which is $86,000. Therefore, the amount of the adjustment is $8,600.

Use the Following Information for Questions 104 and 105