The credit manager at MAX Company estimated that about 2% of credit sales is uncollectable....
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Accounting
The credit manager at MAX Company estimated that about 2% of credit sales is uncollectable. The following data were available for 2020: Allowance for doubtful accounts 1/1/20 (Cr.). Accounts written off during 2020 Credit sales in 2020 $ 84 000 52,000 14,000,000 The Allowance for Doubtful Accounts balance at December 31, 2020, should be: $364 000 $312.000 $248,000 $52.000
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