An Aging-Of-Accounts-Receivable Indicates That the Amount of Uncollectible Accounts Is

question 176

Multiple Choice

An aging-of-accounts-receivable indicates that the amount of uncollectible accounts is $3610. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $300. The Accounts Receivable balance is $44,820. The amount of the adjusting entry for uncollectible accounts should be for:

• A)$300
• B)$3310
• C)$3610
• D)$3910

---

Definitions:

CEO Compensation

The total remuneration package, including salary, bonuses, and stock options, offered to the chief executive officer of a corporation.

Employee Compensation

Refers to the total amount of pay and benefits, including salary, wages, bonuses, and benefits, that an employee receives from their employer.

Supermarkets

Retail stores that offer a wide variety of goods, including food, household items, and often pharmaceuticals, under one roof.

Shelf Space

The physical placement of products for sale within a retail environment, where positioning can affect product visibility and sales.