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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
In 2011, Roso Carlson Company had net credit sales of $750,000. On January 1, 2011, Allowance for Doubtful Accounts had a credit balance of $18,000. During 2011, $30,000 of uncollectible accounts receivable were written off.Past experience indicates that 3% of net credit sales be- come uncollectible.What should be the adjusted balance of Allowance for Doubtful Accounts at December 31,2011? a. $10,050. c. $22,500. b. $10,500. d. $40,500. please break down how you came by your answer
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