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Business, 19.10.2019 02:30, jabraeshaw
Sanders inc. is a small brick manufacturer that uses the direct write-off method to account for uncollectible accounts. at the end of 2018, its balance for accounts receivable is $35,000. the company estimates that of this amount, $4,000 is not likely to be collected in 2019. in 2019, the actual amount of bad debts is $2,900. record, if necessary, an adjustment for estimated uncollectible accounts at the end of 2018 and the actual bad debts in 2019.
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