# Conner Pride reports year-end credit sales in the amount of $567,000 and accounts receivable of$134,000. Conner uses the balance sheet method to report bad debt estimation. The estimation percentage is 4.6%. What is the estimated balance uncollectible using the balance sheet method? A. $26,082 B.$6,164 C. $260,820 D.$61,640

FindFindarrow_forward

### Principles of Accounting Volume 1

19th Edition
OpenStax
Publisher: OpenStax College
ISBN: 9781947172685

#### Solutions

Chapter
Section
FindFindarrow_forward

### Principles of Accounting Volume 1

19th Edition
OpenStax
Publisher: OpenStax College
ISBN: 9781947172685
Chapter 9, Problem 8MC
Textbook Problem
1 views

## Conner Pride reports year-end credit sales in the amount of $567,000 and accounts receivable of$134,000. Conner uses the balance sheet method to report bad debt estimation. The estimation percentage is 4.6%. What is the estimated balance uncollectible using the balance sheet method?A. $26,082B.$6,164C. $260,820D.$61,640

To determine

Concept introduction:

Bad debts expense can be recognized with several methods. Aging of receivable method is one of those methods. In this method the receivables are categorized into different categories according to the age and percentage of uncollectible is determined for each age and bad debts are calculated using these percentages.

To choose:

The amount of estimated balance uncollectible.

### Explanation of Solution

The amount of estimated balance uncollectible is calculated as follows:

Accounts Receivable \$134,000

Estimated balance u...

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Find more solutions based on key concepts
What is conflict of interest?

Accounting Information Systems

In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?

Managerial Accounting: The Cornerstone of Business Decision-Making

What should be prepared every time a petty cash payment is made?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

CROSS RATES Suppose the exchange rate between the U.S. dollar and the Swedish krona was 6.55 krona = 1 and the ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Does a higher rate of saving lead to higher growth temporarily or indefinitely?

Brief Principles of Macroeconomics (MindTap Course List)