The Allowance Method of Estimating Uncollectible Accounts Receivable Based on an Analysis

question 51

Multiple Choice

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivables are uncollectible.The Allowance for Doubtful Accounts has a debit balance of $110.The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:

• A)$110
• B)$640
• C)$530
• D)$750

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Definitions:

Hypoglycemia

A condition characterized by an abnormally low level of glucose in the blood, often resulting in symptoms such as dizziness and weakness.

Shock

A medical condition characterized by the failure of the circulatory system to adequately supply blood to the body's tissues and organs.

Blood Pressure

The force exerted by moving blood upon the walls of the arteries, frequently used to assess cardiac well-being.

Clammy

Describes skin that is cold, moist, and often sticky, usually indicating illness or distress.