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Darina [25.2K]
3 years ago
11

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?
Business
1 answer:
const2013 [10]3 years ago
4 0

Answer: $5000

Explanation:

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