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The general ledger account for Accounts Receivable shows a debit balance of $100,000.Allowance for Uncollectible Accounts has a credit balance of $2,000.Net sales for the year were $1,000,000.In the past,2 percent of sales have proved uncollectible,and an aging of accounts receivable accounts results in an estimate of $35,800 of uncollectible accounts.
Using the accounts receivable aging method,the Uncollectible Accounts Expense would be
A) $33,800.
B) $36,800.
C) $35,800.
D) $37,800.
Correct Answer:
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