Ask Question
1 December, 22:36

At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment. The company estimates future uncollectible accounts to be 4% of credit sales for the year. Credit sales for the year total $125,000. What is the adjustment Brinkley would record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?

+2
Answers (1)
  1. 2 December, 00:23
    0
    Answer: $5000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,000 () before adjustment. The company ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers