Compute the ending balance in the allowance for doubtful accounts after the adjusting entries have been prepared for the following independent situations.
a)Credit balance in allowance for doubtful accounts is $500 before adjustment. An aging schedule indicates $3,500 of accounts receivables are uncollectible.
b)Debit balance in allowance for doubtful accounts is $700 before adjustment. An aging schedule indicates $4,300 of accounts receivables are uncollectible.
c)Credit balance in allowance for doubtful accounts is $500 before adjustment. Net credit sales for the current year are $325,000 and 1% is considered uncollectible.
d)Debit balance in allowance for doubtful accounts is $700 before adjustment. Net credit sales for the current year are $350,000 and 1.25% is considered uncollectible.

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The Answer of Compute the ending balance in the allowance for doubtful accounts after the adjusting entries have been prepared for the following independent situations.
a)Credit balance in allowance for doubtful accounts is $500 before adjustment. An aging schedule indicates $3,500 of accounts receivables are uncollectible.
b)Debit balance in allowance for doubtful accounts is $700 before adjustment. An aging schedule indicates $4,300 of accounts receivables are uncollectible.
c)Credit balance in allowance for doubtful accounts is $500 before adjustment. Net credit sales for the current year are $325,000 and 1% is considered uncollectible.
d)Debit balance in allowance for doubtful accounts is $700 before adjustment. Net credit sales for the current year are $350,000 and 1.25% is considered uncollectible.

Compute the Ending Balance in the Allowance for Doubtful Accounts