Using the Accounts Receivable Aging Method,estimated Uncollectible Accounts Are $40,000

question 74

Multiple Choice

Using the accounts receivable aging method,estimated uncollectible accounts are $40,000.If the balance of the Allowance for Uncollectible Accounts is an $8,000 debit before adjustment,what is the balance after adjustment?

• A)$8,000
• B)$32,000
• C)$40,000
• D)$48,000

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Definitions:

Millennial Generation

A demographic cohort following Generation X, typically defined as individuals born between 1981 and 1996.

Labor Supply

The total hours that workers wish to work at a given wage rate, or the total number of workers willing to work.

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Millennial Generation

The Millennial Generation, often simply called Millennials, refers to the demographic cohort following Generation X, typically born between the early 1980s and the late 1990s to early 2000s.