Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-account expense for 20142014?

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

Explanation:

Uncollectible accounts are determined by the percent-of-sales method to be 22% of credit sales. How much is uncollectible-account expense for 2014?

Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.

Accounts Receivable26,000

Allowance for collectible account...1,500

Credit sales for 2014 ...$94,000

Cash Sales for 201428,000

Collection from customers on account...100,000

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

answervulnerability assessment;