Crescent Company reported total sales for the current year to be $5,000,000, including cash sales of $1,000,000. Management esti

Question

3 years ago

8

Crescent Company reported total sales for the current year to be $5,000,000, including cash sales of $1,000,000. Management esti

mates bad debts to be 5% of credit sales. The Allowance for Doubtful Accounts prior to adjustment has a debit balance of $20,000. The ending balance of the Allowance for Doubtful Accounts after adjustment will be: Select one: A. $170,000 B. $220,000 C. $180,000 D. $120,000

Mathematics

2 answers:

creativ13 [48] · Answer 1 · 2022-07-16T22:48:33+03:00

creativ13 [48]3 years ago

7 0

Answer:

i need points srry

Step-by-step explanation:

Nikolay [14] · Answer 2 · 2022-07-17T00:28:31+03:00

Nikolay [14]3 years ago

4 0

Answer: most likely C

Step-by-step explanation: