An Aging- Of- Accounts- Receivable Method Indicates That Amount of Uncollectible

question 29

Multiple Choice

An aging- of- accounts- receivable method indicates that amount of uncollectible accounts is $7,200.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,000. The amount of the adjusting entry should be:

• A)$2,000.
• B)$5,200.
• C)$7,200.
• D)$9,200.

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Consumers

Individuals or groups who purchase goods and services for personal use or consumption.

Climate Change

is the long-term alteration of temperature and typical weather patterns in a place, largely attributed to human activities such as burning fossil fuels.

World Wide Fund

An international non-governmental organization working on issues regarding the conservation, research, and restoration of the environment, commonly known by its initials WWF.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.