The Allowance Method of Estimating Uncollectible Accounts Receivable Based on an Analysis

question 51

Multiple Choice

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivables are uncollectible.The Allowance for Doubtful Accounts has a debit balance of $110.The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:

• A)$110
• B)$640
• C)$530
• D)$750

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Definitions:

Society Consider

Society considers involves the process by which cultural, moral, ethical, and value-based judgments and norms are made by the collective consensus within a community or society.

Unequally

In a manner that is not equal or uniform, often resulting in disparities or imbalances in treatment, opportunities, or conditions.

Unfairly

In a manner that is unjust or prejudiced, not giving equal treatment or opportunity.

Undocumented Immigrants

Persons living in a country without official authorization or paperwork, often seeking better living conditions or fleeing from hardship.