Business, 14.04.2020 22:04 smallsbjs

In 2018, Sheridan Company had credit sales of $894000. On January 1, 2018, Allowance for Doubtful Accounts had a credit balance of $22300. During 2018, $35900 of uncollectible accounts receivable were written off. Past experience indicates that the allowance balance should be 10% of the accounts receivable become uncollectible. What should be the required adjustment to the Allowance for Doubtful Accounts at December 31, 2018 if the ending accounts receivable balance was $235000?

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In 2018, Sheridan Company had credit sales of $894000. On January 1, 2018, Allowance for Doubtful Ac...

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