# Calculation of the Allowance for Doubtful Accounts

15. ABC company uses the estimate of sales method of accounting for uncollectible accounts. ABC estimates that 3% of all credit sales will be uncollectible. On January 1, 2005, the Allowance for Doubtful Accounts had a credit balance of \$2,400. During 2005, ABC wrote-off accounts receivable totaling \$1,800 and made credit sales of \$100,000. After the adjusting entry, the December 31, 2005, balance in the Uncollectible Accounts Expense would be ________. (Points: 4)
\$1,200
\$3,000
\$3,600
\$7,200

16. Allowance for Doubtful Accounts has a credit balance of \$1,500 at the end of the year (before adjustment), and an analysis of customers’ accounts indicates doubtful accounts of \$17,900. Which of the following entries records the proper provision for doubtful accounts? (Points: 4)
debit Allowance for Doubtful Accounts, \$16,400; credit Uncollectible Accounts Expense, \$16,400
debit Allowance for Doubtful Accounts, \$19,400; credit Uncollectible Accounts Expense, \$19,400
debit Uncollectible Accounts Expense, \$19,400; credit Allowance for Doubtful Accounts, \$19,400
debit Uncollectible Accounts Expense, \$16,400; credit Allowance for Doubtful Accounts, \$16,400

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