Jack Company provides for bad debt expense at the rate of 2% of credit sales. The following data are available for 2014: Allowance for doubtful accounts, 1/1/14 (Cr.) $ 12,000 Accounts written off as uncollectible during 2014 9,000 Credit sales in
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Jack Company provides for bad debt expense at the rate of 2% of credit sales. The following data are available for 2014:
| Allowance for doubtful accounts, 1/1/14 (Cr.) | $ | 12,000 | |
| Accounts written off as uncollectible during 2014 | 9,000 | ||
| Credit sales in 2014 | 1,200,000 |
The Allowance for Doubtful Accounts balance at December 31, 2014, should be
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