Allowance for uncollectibles had a credit balance

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Reference no: EM13954542

Annual sales were $1,600,000, and the Janaury 1 Allowance for Uncollectibles had a credit balance of $25,000. $18,600 of accounts were written off during the year. Using the percentage of sales technique and a 2% rate, Uncollectible accounts expense is:

A. $7,000

B. $18,600

C. $25,600

D. $32,000

E. None of there.

Reference no: EM13954542

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