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How much is uncollectible-account expense

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Reference no: EM132456514

Problem - David Company had the following information in 2014.

Accounts receivable 12/31/14 $14,000

Allowance for uncollectible account 12/31/14 $900

Credit sales during 2014 $37,000

Cash sales during 2014 $16,000

Collections from customers on account during 2014 $47,000

Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. How much is uncollectible-account expense for 2014?

A. $1480

B. $2120

C. $560

D. $900

Reference no: EM132456514

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