Use the Following Information for Questions

question 56

Multiple Choice

Use the following information for questions
Under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $10,000.The unadjusted balance for the Allowance for Doubtful Accounts is $1,500 credit.
-What is the balance in the Allowance for Doubtful Accounts account after adjustment?

• A)$11,500
• B)$10,000
• C)$1,500
• D)$7,000

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Definitions:

Operations Management

The field of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.

Employment Agencies

Employment agencies are organizations that match employers looking to hire with individuals seeking employment, facilitating job placements across various industries.

Professional Organizations

Groups or associations that are formed to advance a specific profession and to serve the interests of its members.

ISM

Institute for Supply Management; an organization that produces research and standards in the field of supply management.