A company has $317,000 in credit sales. The company uses the allowance method of determining uncollectible accounts expense. The allowance for doubtful accounts now has an $8,150 debit balance. If the company uses the allowance method based on 6% of credit sales, what will be the amount of the journal entry credited to allowance for uncollectible accounts

$19020

Explanation:

From the question, we are informed that a company has $317,000 in credit sales and that the company uses the allowance method of determining uncollectible accounts expense.

We are further told that the allowance for doubtful accounts now has an $8,150 debit balance and that the company uses the allowance method based on 6% of credit sales.

Thee amount of the journal entry credited to allowance for uncollectible accounts will be:

=$317000 × 6%

= $317,000 × 0.06

=$19020

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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