Postal Package Service had an ending balance in allowance for doubtful accounts of $8,000 in...
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Accounting
Postal Package Service had an ending balance in allowance for doubtful accounts of $8,000 in its June 30, 2019, financial statements. If Postal Package uses the percentage of accounts receivable ending balance method for estimating bad debt expense, and its estimated uncollectible percentage is 4%, what was the ending accounts receivable balance reported in the June 30, 2019 financial statements?
Select one:
a. $250,000
b. $375,000
c. $415,000
d. $200,000
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