The Allowance for Uncollectible Accounts Currently Has a Debit Balance

question 67

Multiple Choice

The Allowance for uncollectible accounts currently has a debit balance of $750.After analyzing the accounts in the accounts receivable subsidiary ledger,the company's management estimates that uncollectible accounts will be $16,000.What will be the balance of the Allowance for uncollectible accounts reported on the balance sheet?

• A) $15,250
• B) $16,000
• C) $14,900
• D) $16,250

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Definitions:

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