Multiple Choice
Last year,Congo Corporation had net credit sales of $690,000 and it had uncollectible accounts of $31,050.Based on last year,what would the percent of estimated uncollectible accounts be this year?
A) 7) 10%
B) 3) 55%
C) 4) 50%
D) 45.00%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: Estimating Bad Debts Expense is an example
Q3: When all of the cash for an
Q5: For each of the following, identify in
Q7: When an account receivable is written off
Q8: The adjustment for bad debts using the
Q9: In the direct write-off method,writing off an
Q10: For each of the following, identify in
Q11: After aging the receivables,Tim's Toys estimates that
Q36: The adjusting entry for uncollectibles is based
Q108: When a year-end adjustment is made for