On february 28 dudley curry company had an 85000 debit

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Reference no: EM13598558

On February 28, Dudley Curry Company had an $85,000 debit balance in Accounts Receivable. During March, the company had sales revenue of $609,000 which included $485,000 in credit sales. Other data for March include: Collections on Accounts Receivable, $451,000 Write-offs of Accounts Receivable, $5,500 1. Record uncollectible account expense and write-offs of customer accounts for March by the Allowance Method. Show all March activity in Accounts Receivable, Allowance for Uncollectible Accounts and Uncollectible Account Expense. The February 28 unadjusted credit balance in allowance for uncollectible accounts was $800. Uncollectible account expense was estimated at 2 percent of credit sales.

Reference no: EM13598558

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