nsen Corporation uses the percentage of-sales method to estimate uncolectitles, Net oredit sales for he cument year amount to S2,000,000 and management essmates will be uncolectible. The Allowance for ubtful Accounts prior to adjustment has a debit balance of S16.000. After all necessary adjusting entries are made, the balance in AIowance for Unoolectble Aocounts wil be B. $16,000, C, $16,320. D. $24,000. Show transcribed image text nsen Corporation uses the percentage of-sales method to estimate uncolectitles, Net oredit sales for he cument year amount to S2,000,000 and management essmates will be uncolectible. The Allowance for ubtful Accounts prior to adjustment has a debit balance of S16.000. After all necessary adjusting entries are made, the balance in AIowance for Unoolectble Aocounts wil be B. $16,000, C, $16,320. D. $24,000.
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