Using the Percentage-Of-Sales Method, You Estimate That Total Uncollectible Accounts

question 43

Multiple Choice

Using the percentage-of-sales method, you estimate that total uncollectible accounts is $6,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The amount of the adjusting entry for uncollectible accounts expense is:

• A)$8,000.
• B)$6,000.
• C)$4,000.
• D)$2,000.

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