FAR - SE1
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FAR - SE1 QUESTIONS WITH 100% 
CORRECT ANSWERS [GRADED A+] 
Marr Co. had the following sales and accounts receivable balances, prior to 
any adjustments at year end: 
Credit sales 10,000,000 
Accounts receivable 3,000,000 
Allowance for uncollectible accounts (debit balance) 50,000 
Marr uses 3% of accounts receivable to determine its allowance for 
uncollectible accounts at year end. By what amount should Marr adjust its 
allowance for uncollectible accounts at year end? 
A $140,000 ...
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