How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask linda_us Your Own Question

linda_us, Master's Degree
Category: Business and Finance Homework
Satisfied Customers: 7291
Experience:  A tutor for Business, Finance, Accounts and other related topics.
Type Your Business and Finance Homework Question Here...
linda_us is online now
A new question is answered every 9 seconds

The general ledger account for Accounts Receivable shows a

This answer was rated:

The general ledger account for Accounts Receivable shows a debit balance of $40,000. The Allowance for Uncollectible Accounts has a credit balance of $2,000. Net sales for the year were $250,000. In the past, 3 percent of net sales have proved uncollectible. An aging of accounts receivable results in an estimate of $9,000 of uncollectible accounts receivable.
Calculate (1) Uncollectible Accounts Expense and (2) the ending balance of the Allowance for Uncollectible Accounts using (a) the percentage of net sales method and (b) the accounts receivable aging method.
Create an Excel spreadsheet to submit your assignment.

Welcome again. I can help you with this question as well. Please let me know your deadline?
Customer: replied 3 years ago.

If you could please have the question answered by tomorrow by 5pm that would be great.

I will post solution in 30 minutes but please remember to rate my solution by clicking smiley face for this and previous post so that I get paid for my effort. If you have any question from the previous solution please let me know.
Customer: replied 3 years ago.

thank you. If you could please make sure it is in excel format that would be great.

I will post the solution in excel format. Did you get my above message?
Customer: replied 3 years ago.



Can you please upload in an excel spreadsheet.


Thank you!

I have provided the answer in excel sheet in the above link.

Here it is again
linda_us and other Business and Finance Homework Specialists are ready to help you