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What allowance for uncollectible accounts should have credit

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The following accounts were abstracted from Roxy Co.'s unadjusted trial balance at December 31, 2020:

Accounts receivable 1,000,000

Allowance for uncollectible accounts 8,000

Net credit sales 3,000,000

Question 1: Roxy estimates that 3% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of

Reference no: EM132804235

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