Business, 18.12.2019 21:31 alyea231

As of january 1, 2018, farley co. had a credit balance of $526,000 in its allowance for uncollectible accounts. based on experience, 3% of farley's credit sales have been uncollectible. during 2018, farley wrote off $637,000 of accounts receivable. credit sales for 2018 were $19,800,000. in its december 31, 2018, balance sheet, what amount will farley report as allowance for uncollectible accounts? a. $705,000. b. $483,000. c. $1,120,000. d. $594,000.

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As of january 1, 2018, farley co. had a credit balance of $526,000 in its allowance for uncollectibl...

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