Business, 23.03.2020 22:18 kamelyawarren1

Graham Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 130 comma 000, and management estimates 1% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $ 3 comma 000. The amount of expense to report on the income statement will be:

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Graham Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the...

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