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:

Information

Data that has been processed, organized, or presented in a manner that makes it meaningful and useful to the recipient.

Lack Of Response

A situation where there is no reaction or feedback to a stimulus or action.

Critical Evaluation

The systematic process of assessing the merits, faults, value, or significance of something, based on criteria and reasoned arguments.

Majority Rule

A decision-making principle where the option that receives more than half of the votes is selected or agreed upon.