Using the Accounts Receivable Aging Method,estimated Uncollectible Accounts Are $50,000

question 183

Multiple Choice

Using the accounts receivable aging method,estimated uncollectible accounts are $50,000.If the balance of the Allowance for Uncollectible Accounts is an $18,000 debit before adjustment,what is the balance after adjustment?

• A) $68,000
• B) $50,000
• C) $18,000
• D) $32,000

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Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and has the capacity to enter into contracts, sue, and be sued.

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Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

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