The Allowance for Uncollectible Accounts Currently Has a Credit Balance

question 16

Multiple Choice

The Allowance for uncollectible accounts currently has a credit balance of $900.After analyzing the accounts in the accounts receivable subsidiary ledger using the aging method,the company's management estimates that uncollectible accounts will be $15,000.
-What will be the amount of Uncollectible account expense reported on the income statement?

• A) $14,900
• B) $15,000
• C) $14,100
• D) $15,900

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Definitions:

Lithium

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Antipsychotic Drugs

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A state of despair characterized by a perceived lack of future prospects or personal efficacy.