Anderson Company had the following information in 2016
Anderson
Anderson Company had the following information in 2016
2016:
Accounts receivable 12/31/16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
7,000
Allowance for uncollectible account 12/31/16 (before adjustment)
. . . . . .
1,100
Credit service revenue during 2016
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
39,000
Cash service revenue during 2016
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
13,000
Collections from customers on account during 2016
. . . . . . . . . . . . . . . .
42,000
If uncollectible accounts are determined by the aging-of-receivables method to be $ 1 comma 260
$1,260, the uncollectible account expense for 2016
2016
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