When making the current period's adjusting entry under the percentage of sales method, the balance in Allowance for Bad Debts is
A) doubled.
B) ignored.
C) divided in half and this amount is used for the adjustment.
D) 30% of the amount to be used for the adjustment.

Question

Quizplus · Accepted Answer

The Answer of When making the current period's adjusting entry under the percentage of sales method, the balance in Allowance for Bad Debts is
A) doubled.
B) ignored.
C) divided in half and this amount is used for the adjustment.
D) 30% of the amount to be used for the adjustment.

When Making the Current Period's Adjusting Entry Under the Percentage