Question

Contra - Liability Account.
The Allowance for Doubtful Accounts has a debit balance of $1,000 at the
of the year (before adjustment), and uncollectible accounts expense is
estimated at 2% of net sales. If net sales are $500,000, the amount of the
adjusting entry to record the provision for doubtful accounts is:
$11,000
$10,000
$12000
ormally has a
balance.​

Answer 1

Answer:

12000 is answer................