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

question 127

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: At the end of the year,the credit balance in Allowance for Uncollectible Accounts was $700.Under the aging-of-receivables method,the balance in the Allowance for Uncollectible Accounts will be ________ after the adjusting entry is made.

• A)$500
• B)$6,600
• C)$7,300
• D)$8,000

---

Definitions:

Hernia

The protrusion of an organ or tissue through an abnormal opening in the wall of the cavity that normally contains it.

Fetal Heartbeat

A fetal heartbeat is the heart rate of a fetus, detectable by medical equipment, often as early as 5-6 weeks of pregnancy with ultrasound.

Second Trimester

The period of pregnancy that spans from week 13 to week 26, characterized by the continued development of the fetus and noticeable anatomical changes in the mother.