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Business, 18.03.2021 01:40 Gabriel134

Rubio Corp. has outstanding accounts receivable of $464,935 as of December 31st and sales on credit during the year of $1,125,460. There is also a debit balance of $4,696 in the allowance for doubtful accounts. In the company estimates that 5% of it's outstanding receivables will be uncollectible, what will the balance be in the allowance for doubtful accounts after the year end adjustment to record bad debt expense

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Rubio Corp. has outstanding accounts receivable of $464,935 as of December 31st and sales on credit...
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