On December 31,2010,Paint Pros had a balance in Accounts Receivable of $15,000.Net credit sales for the year were $450,000.The Allowance for Doubtful Accounts has a credit balance of $900.Journalize the recording of the bad debt expense under the income statement approach if 2% of net credit sales is deemed uncollectible.

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The Answer of On December 31,2010,Paint Pros had a balance in Accounts Receivable of $15,000.Net credit sales for the year were $450,000.The Allowance for Doubtful Accounts has a credit balance of $900.Journalize the recording of the bad debt expense under the income statement approach if 2% of net credit sales is deemed uncollectible.

On December 31,2010,Paint Pros Had a Balance in Accounts Receivable