Question

The percentage of sales approach to estimating uncollectible accounts expense is used by Kyle company net credit sales for February amount to 2 million the credit manager estimated that uncollectible accounts expense would be to one percent of net credit sales made during February allowance for devil account currently has $1500 credit for my accounts are determined to be uncollectible and written off

The percentage of sales approach to estimating uncollectible accounts expense is used by Kyle company net credit sales for February amount of 2 million the credit manager estimated that uncollectible accounts expense would be to one percent of net credit sales made during February allowance for devil account currently has $1500 credit before my accounts are determined to be uncollectible and written off

March 10 Joanie Flash for $10,800

March 22 Ronnie Fieg for $11,200

1.) Adjusting entry for Feb 28

2.) March 10 and 22

3.) Balance in allowence for doubtful accounts on March 31

Answer 1

1 & 2:

___________________________________________________________________

3.

Balance in an allowance for doubtful accounts on March 31 = $1500 + $20,000 - $10,800 - $11,200

= $500 Debit balance.