Question:In 2002, Roland Carlson Company had net credit sales of $750,000. On January 1,2002, Allowance for Doubtful Accounts had a credit balance of $18,000. During written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31,2002?
A $10,050
B $10,500
C $22,500
D $40,000
+ AnswerB
+ Report
Total Preview: 891