What is the adjustment brinkley would record

Reference no: EM131520235

Question: Refer to the information in BE5-12, but now assume that the balance of Allowance for Uncollectible Accounts before adjustment is $3,000 ( debit). The company still estimates future uncollectible accounts to be 4% of credit sales for the year. What adjustment would Brinkley record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?

BE5-12: At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,000 ( credit) before adjustment. The company estimates future uncollectible accounts to be 4% of credit sales for the year. Credit sales for the year total $125,000. What is the adjustment Brinkley would record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?

Reference no: EM131520235

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