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Jackson Company had the following information in 2018:
Allowance for uncollectible-accounts credit balance
12/31/18 (before adjustment) ...................................................................
Credit service revenue during 2018 ..........................................................
Cash service revenue during 2018 ............................................................
Collections from customers on account during 2018................................
$ 8,000
900
39,000
20,000
40,000
8. Uncollectible accounts are determined by the percent-of-sales method to be 3% of credit
sales. How much is uncollectible-account expense for 2018?
a. $1,010
b. $900
c. $320
d. $1,170
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