Question 22 (7.4 points) Net credit sales for the month are $900,000. The accounts receivable...
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Question 22 (7.4 points) Net credit sales for the month are $900,000. The accounts receivable balance is $192,000. The allowance is calculated as 5% of the receivables balance using the percentage of receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $6,000 before adjustment, what is the balance after adjustment? 01) $ 9,600 O2) $3,600 3) $15,600 4) 59,900
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