chrissteward4253 chrissteward4253

27-10-2022
Business

Answered

the following information pertains to lightning inc., at the end of the year: credit sales$89,000 accounts payable 13,200 accounts receivable 8,300 allowance for uncollectible accounts$300credit cash sales 40,000 lightning uses the percentage-of-credit-sales method and estimates 5% of sales are uncollectible. what is the ending balance of the allowance account after the year-end adjustment?

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