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QUESTION
during the year, Everlight has $155000 of credit sales, collections of credit sales of $143000 and write offs of $3300.
during the year, Everlight has $155000 of credit sales, collections of credit sales of $143000 and write offs of $3300. It records bad debts expense at the end of the year using th aging of receivable method. At the end of the year, the aging analysis shows that $1,700 is the estimate of uncollectible accounts. Before the year end entry to adjust th ebad debt expense is made, the balance in the allowance for bad debt expense is?
