Joshua Company had the following information in 2014. X QC5-5 (similar to) Joshu

Question

Joshua Company had the following information in 2014.

X QC5-5 (similar to) Joshua Company had the following information in 2014 Accounts receivable 12/31/14 Allowance for uncollectible account 12/31/14 (before adjustment) Credit sales during 2014 Cash sales during 2014 Collections from customers on account during 2014 If uncollectible accounts are determined by the aging-of-receivables method to be $1,280, the uncollectible-account expense for 2014 would be 9,000 1,100 38,000 10,000 42,000 OA. $1,280 OB. $1,520 OC. $180 D. $1,100

Explanation / Answer

C. $180

If uncollectible accounts are determined by the aging-of-receivables method to be $1,280, the uncollectible-account expense for 2014 would be:

= $1,280 - $1,100

= $180

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