A Year-End Review of Accounts Receivable and Estimated Uncollectible Percentages

question 93

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Before the year-end adjustment,the credit balance in Allowance for Uncollectible Accounts was $1,000.Under the aging-of-receivables method,the Uncollectible-Account Expense at year-end is:

• A) $1,240
• B) $8,870
• C) $9,870
• D) $10,870

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Definitions:

Epidemic Diseases

Diseases that spread rapidly among a population, affecting a large number of individuals at the same time within a particular community or region.

Iroquois Confederacy

A historic alliance of six Native American tribes in the northeastern United States, known for their political union and influence on American democratic principles.

European Diseases

Infectious diseases introduced by European explorers and colonists to indigenous populations in the Americas, leading to significant demographic declines due to lack of immunity.