What is the balance in the uncollectible accounts expense

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Reference no: EM13139124

ABC company uses the estimate of sales method of accounting for uncollectible accounts. ABC estimates that 3% of all credit sales will be uncollectible. On January 1, 2005, the Allowance for Doubtful Accounts had a credit balance of $2,400. During 2005, ABC wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjusting entry, the December 31, 2005, what is the balance in the Uncollectible Accounts Expense?

Reference no: EM13139124

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