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Keith_Richards [23]
3 years ago
11

At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it

had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
Business
1 answer:
ANTONII [103]3 years ago
6 0
According to this account that is needed at year end
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The expected return of the stock for the country a is given as 0.05

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