2024 – Jack Company provides for bad debt expense at the rate of 2 of credit sales
Acc 100 4 – 2024
Jack Company provides for bad debt expense at the rate of 2% of credit sales. The following data are available for 2014:
| Allowance for doubtful accounts, 1/1/14 (Cr.) | $ | 12,000 | |
| Accounts written off as uncollectible during 2014 | 9,000 | ||
| Credit sales in 2014 | 1,200,000 |
The Allowance for Doubtful Accounts balance at December 31, 2014, should be
|
[removed] |
$27,000. |
|
[removed] |
$21,000. |
|
[removed] |
$24,000. |
|
[removed] |
$3,000. |
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