ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com - Page 59

For more course tutorials visit www.uophelp.com Q -1 Anderson Company had the following information in 20142014. Accounts receivable 12/31/14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,000 Allowance for uncollectible account 12/31/14 (before adjustment). . . . . . . 850 Credit sales during 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,000 Cash sales during 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000 Collections from customers on account during 2014. . . . . . . . . . . . . . . . . . 45,000 If uncollectible accounts are determined by the aging-of-receivables method to be $1,260 the uncollectible-account expense for 2014 would be:.