2760-Financi. X /user/attempt/quiz start frame.d2lou 51517&isprv-;&drc-1;&qi; 27

Question

2760-Financi. X /user/attempt/quiz start frame.d2lou 51517&isprv-;&drc-1;&qi; 272374&cfql-08dnb; 0 C Q Search nancial Accounting for Managers SP18 B-Sectio goo I d Assessments ? Communication v My Tools e left:146:47 Sharde Johnson: Attempt 1 Save Question 8 (5 points) Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year, and uncollectible accounts expense is estimated at 1% of net sales. If net sales are $950,000, the amount of the adjustment to record the provision for doubtful accounts is A 9.000. ( B) $9,500. C) $500. D) $8,500. Save Quizzes ACz760Sharde choé

Explanation / Answer

Calculate amount record provision for doubtful accounts :

Amount record provision for doubtful accounts = 950000*1% = 9500

So answer is b) $9500

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