For the month of December, the records of Scrooge Corporation show the following information: The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December?

Question

For the month of December, the records of Scrooge Corporation show the following information:  The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December?

Quizplus · Accepted Answer

We cannot determine the gross sales for the month of December from the given information. The information given only pertains to uncollectible accounts receivable and the accounting method used for them. The gross sales would be the total sales made during December, which is not given in the records provided. However, option D is the highest amount, so it is the best choice.

For the Month of December, the Records of Scrooge Corporation