Business, 11.10.2019 00:30 TH3L0N3W0LF

During the year, bears inc. recorded credit sales of $620,000. before adjustments at year-end, bears has accounts receivable of $380,000, of which $51,000 is past due, and the allowance account had a credit balance of $2,600. using the aging of receivables method, what would be the adjustment assuming bears expects it will not collect 7% of the amount not yet past due and 20% of the amount past due?

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During the year, bears inc. recorded credit sales of $620,000. before adjustments at year-end, bears...

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