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Calculate the uncollectible accounts expense

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Question - Hunt Company estimates uncollectible accounts using the percentage-of-receivables method and expects that 5 percent of outstanding receivables will be uncollectible for 2014. The balance in Accounts Receivable is $200,000, and the allowance account has a $3,000 credit balance before adjustment at year-end. The uncollectible accounts expense for 2014 will be:

a. $7,000.

b. $13,000.

c. $9,850.

d. $10,000.

e. None of these.

Reference no: EM131990694

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