An Aging-Of-Accounts-Receivable Indicates That the Amount of Uncollectible Accounts Is

question 151

Multiple Choice

An aging-of-accounts-receivable indicates that the amount of uncollectible accounts is $3,210. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The amount of the adjusting entry should be for:

• A) $1,210.
• B) $2,000.
• C) $3,210.
• D) $5,210.

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Definitions:

Economic Activities

Economic activities encompass all actions that involve the production, distribution, and consumption of goods and services within an economy.

Ethical Conduct

The practice of behaving in a manner that is considered morally right, fair, and appropriate in a given context, especially in professional settings.

Manufacturing

The process of producing goods from raw materials through various processes, machinery, and operations, typically in a factory setting.

Retail Companies

Businesses that sell goods directly to consumers, typically operating from physical locations or through online platforms.