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Business, 20.06.2020 22:57 makaylasulak5462

Sparky, Inc. estimates uncollectible accounts to be 3% of accounts receivable. The company reported accounts receivable and allowance for uncollectible accounts of $462,000 and $14,130, respectively, at December 31, 2019. During 2020, Sparky's credit sales and collections were $915,000 and $891,000, respectively, and $11,720 of accounts receivable were written off. Also, a customer's account that was previously written off for $5,300 was collected (not included in the $891,000.) Sparky's bad debt expense for the year ended December 31, 2020, is: Group of answer choices

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Sparky, Inc. estimates uncollectible accounts to be 3% of accounts receivable. The company reported...
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