An Aging-Of-Accounts-Receivable Indicates That the Amount of Uncollectible Accounts Is

question 38

Multiple Choice

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

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

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Definitions:

Scrap Metal

Waste metal materials that can be recycled and reused, often collected from leftover products, buildings, or discarded industrial machinery.

Energy

The capacity to do work, manifest in forms such as heat, light, motion, and chemical bonds, essential to human society for various applications.

Transfer Heat

The movement of thermal energy from one object or substance to another, through various modes such as conduction, convection, or radiation.

Radioisotopes

Radioactive isotopes of an element, used in various scientific, medical, and industrial applications due to their radioactive decay properties.