On December 31,2015,James Company has an accounts receivable balance of $300,000 before any year-end adjustments.The Allowance for Doubtful Accounts has a $1,000 credit balance.The company prepares the following aging schedule for accounts receivable: What is the Uncollectible-Account Expense at December 31,2015?

Question

On December 31,2015,James Company has an accounts receivable balance of $300,000 before any year-end adjustments.The Allowance for Doubtful Accounts has a $1,000 credit balance.The company prepares the following aging schedule for accounts receivable:  What is the Uncollectible-Account Expense at December 31,2015?

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The Answer of On December 31,2015,James Company has an accounts receivable balance of $300,000 before any year-end adjustments.The Allowance for Doubtful Accounts has a $1,000 credit balance.The company prepares the following aging schedule for accounts receivable:  What is the Uncollectible-Account Expense at December 31,2015?

On December 31,2015,James Company Has an Accounts Receivable Balance of $300,000