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