A firm reported sales of $460,000 for the year. Prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $560. Based on an aging of accounts receivable, the firm estimated its losses from uncollectible accounts to be $6,460.
-The amount to be reported on the income statement for Uncollectible Accounts Expense is:

Question

A firm reported sales of $460,000 for the year. Prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $560. Based on an aging of accounts receivable, the firm estimated its losses from uncollectible accounts to be $6,460. 
-The amount to be reported on the income statement for Uncollectible Accounts Expense is:

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The Answer of A firm reported sales of $460,000 for the year. Prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $560. Based on an aging of accounts receivable, the firm estimated its losses from uncollectible accounts to be $6,460. 
-The amount to be reported on the income statement for Uncollectible Accounts Expense is:

A Firm Reported Sales of $460,000 for the Year