Ask Question
15 January, 15:38

As of January 1, 2018, Farley Co. had a credit balance of $534,000 in its allowance for uncollectible accounts. Based on experience, 3% of Farley's credit sales have been uncollectible. During 2018, Farley wrote off $642,000 of accounts receivable. Credit sales for 2018 were $19,500,000.

1. In its December 31, 2018, balance sheet, what amount will Farley report as allowance for uncollectible accounts

+5
Answers (1)
  1. 15 January, 16:03
    0
    Mah dood! I gatchu! Dae ansa iz A! I gatchu fam! I gatchu Brochacho!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “As of January 1, 2018, Farley Co. had a credit balance of $534,000 in its allowance for uncollectible accounts. Based on experience, 3% of ...” in 📗 Engineering if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers