Question

Primrose Company uses the allowance method of accounting for uncollectible accounts. Primrose estimates that 3% of credit sales will be uncollectible. On January 1, the Allowance for Doubtful Accounts had a credit balance of $2,400. During the year, Primrose wrote off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjusting entry, the December 31 balance in Allowance for Doubtful Accounts will be: _________

Answer 1

Answer:

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