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:

Unions

Organizations formed by workers to protect their rights and interests, including negotiating wages and working conditions with employers.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, initially founded in 1886.

Predecessor

An entity or person that came before another in a specific role or position.

Jurisdictional Dispute

A dispute involving two or more unions over which should represent the workers in a particular shop or plant.