Business, 15.07.2020 01:01, Kenzijo33

Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases: (a) Balance of $3,000 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $25,000.

(b) Balance of $500 in the allowance account just prior to adjustment. Uncollectibles are estimated at 2% of sales, which totaled $800,000 for the year.

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Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases:...