ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com | Page 59

For more course tutorials visit
www.uophelp.com
Q -1
Anderson Company had the following information in
20142014.
Accounts receivable
12/31/14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,000
Allowance for uncollectible account 12/31/14 (before
adjustment). . . . . . . 850
Credit sales during
2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,000
Cash sales during
2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000
Collections from customers on account during
2014. . . . . . . . . . . . . . . . . . 45,000
If uncollectible accounts are determined by the aging-of-receivables
method to be
$1,260 the uncollectible-account expense for 2014
would be:.