Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases and indicate the ending balance in each case

Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases and indicate the ending balance in each case. a. Credit balance of $390 in Allowance for Doubtful Accounts just prior to adjustment. Analysis of Accounts Receivable indicates uncollectible receivables of $7,010. Amount added $fill in the blank 1 Ending balance $fill in the blank 2 b. Credit balance of $390 in Allowance for Doubtful Accounts just prior to adjustment. Uncollectible receivables are estimated at 3% of credit sales, which totaled $841,000 for the year. Amount added fill in the blank Ending balance

-25-


Buy plagiarism free, original and professional custom paper online now at a cheaper price. Submit your order proudly with us



Essay Hope