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What the uncollectible accounts expense should be

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Question 1: For the year ended, December 31, 2020, GERBERA Company estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available: Allowance for uncollectible accounts, 1/1/20 -?56,000; Provision for uncollectible accounts during 2020 ( 2% on credit sales of ?2,000,000) -?40,000; Uncollectible accounts written off, 11/30/20 -?46,000; Estimated uncollectible account per aging, 12/31/20 -?69,000. After the year-end adjustment, the uncollectible accounts expense for 2020 should be?

Reference no: EM132895974

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