Required information The following information applies to the questions displaye

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Required information The following information applies to the questions displayed below.] Dynamic, Inc. had credit sales of $600,000 for March. Accounts receivable of $5,000 were determined to be worthless and were written off during March. Accounts receivable total $500,000 at March 31. Management feels that based on past experience, approximately 3% of net credit sales will prove to be uncollectible Part 2 of 2 3.33 points Assuming Dynamic, Inc. uses the income statement approach (an allowance method) to account for uncollectible accounts, uncollectible accounts expense for March is: Skipped

Explanation / Answer

Uncollectible accounts expense = net credit sales *Estimated % uncollectible 600,000*3% 18000

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