Reference no: EM1349475
Accounts receivable, December 31, 2009: $330,000 (debit)
Allowance for uncollectible accounts, December 31, 2009 prior to adjustment: $4,500 (credit)
Net credit sales for 2009: $1,500,000
Accounts written off as uncollectible during 2009: $25,500
Cash sales during 2009: $270,000
Uncollectible accounts expense is determined by the direct write-off method. Which of the following will be amount of uncollectible accounts expense?
A) $34,500
B) $25,500
C) $30,500
D) $30,000
E) All of the above
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