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

---

Definitions:

Oviducts

The tubes through which eggs pass from the ovaries to the uterus in female mammals; also known as fallopian tubes.

Vagina

The elastic, muscular tube, extending from the cervix to its external opening, that receives the penis during heterosexual intercourse and serves as the birth canal.

Uterus

A major female reproductive organ in many animals, including humans, where offspring are conceived and in which they gestate before birth.

Cervix

The lower part of the uterus in the female reproductive system, connecting the uterus to the vagina.