Question Help Anderson Company had the following information

Question Help Anderson Company had the following information in 2014. $ 6,000 900 38,000 14,000 43,000 Accounts receivable 12/31/14 Credit sales during 2014 Cash sales during 2014 Collections from customers on account during 2014 If uncollectible accounts are determined by the aging-of-receivables method to be $940, the uncollectible-account expense for 2014 would be: O A. $940 O B. $40. C. D. $900. $1,520. Previous Next

Solution

B. $40

If uncollectible accounts are determined by the aging-of-receivables method to be $940, the uncollectible-account expense for 2014 would be:

= $940 - $900

= $40