Piper,Inc.had credit sales for the period of $85,000.The balance in Allowance for Doubtful Accounts is a debit of $817.How much will the credit be to Allowance for Doubtful Accounts if Piper uses the percent of credit sales method of estimating uncollectible accounts and they estimate that 5% of credit sales will be uncollectible?

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The Answer of Piper,Inc.had credit sales for the period of $85,000.The balance in Allowance for Doubtful Accounts is a debit of $817.How much will the credit be to Allowance for Doubtful Accounts if Piper uses the percent of credit sales method of estimating uncollectible accounts and they estimate that 5% of credit sales will be uncollectible?

Piper,IncHad Credit Sales for the Period of $85,000