What is the uncollectible accounts expense reported

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Reference no: EM133379886

Kendo Company has a December 31 year-end. The following information relates to the year just ended: Sales for the year $30,750 (of which 20% were cash sales) Accounts Receivable January 1 were $15,000 and increased 50% by December 31 Allowance for Doubtful Accounts January 1 $4,365 Kendo sets its provision for uncollectible accounts receivable at 2% of credit sales.

Required 1: Assuming no other transaction happened, what is the Uncollectible Accounts Expense reported on Decmber 31st? $

Required 2: Assuming no other transaction happened, what is the adjusted net balance of Accounts Receivables at December 31st? $

Required 3: Assuming no other transaction happened, what is the adjusted balance of Allowance for Doubtful Accounts at December 31st?

Reference no: EM133379886

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