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

question 93

Multiple Choice

An aging-of-accounts-receivable indicates that the amount of uncollectible accounts is $3,410. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $500. The
Accounts Receivable balance is $44,820. The amount of the adjusting entry for uncollectible accounts should be for:

• A) $2,910
• B) $3,910
• C) $3,410
• D) $500

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Definitions:

Documenting

The process of recording information, observations, or data on various mediums for future reference, analysis, or compliance.

Coach

A person who supports, instructs, and guides an individual or team to achieve their goals and improve their performance.

Improvement

The process of becoming better in quality, condition, or performance.

Structure

The arrangement of and relations between the parts or elements of something complex, such as an organization or a building.