Roberts Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 110 comma 000, and management estimates 1% will be uncollectible. The amount of expense to report on the income statement was $ 1 comma 100. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $ 1 comma 000. The balance of Allowance for Uncollectible Accounts, after adjustment, will be

The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.

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