Under the Allowance Method,if Bad Debt Write-Offs During the Year

question 17

Multiple Choice

Under the allowance method,if bad debt write-offs during the year exceed the allowance amount,the balance in Allowance for Uncollectible Accounts at year end prior to adjustment:

• A) should be deducted from Accounts Receivable
• B) will be zero
• C) will be a debit
• D) should be adjusted by debiting it to bring the balance back to zero

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