A Company Performs the Aging of Accounts Receivable Calculation and Arrives

question 132

Short Answer

A company performs the aging of accounts receivable calculation and arrives at an estimate for uncollectible accounts of $800.If Allowance for Uncollectible Accounts has a debit balance of $300 prior to the year-end adjustment,for how much should the adjustment be journalized?
a.$1,100
b.$800
c.$300
d.$5,500

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