Teller Inc

question 20

Multiple Choice

Teller Inc.reported an allowance for doubtful accounts of $30,000 (credit) at December 31,2013,before performing an aging of accounts receivable.As a result of the aging,Teller Inc.determined that an estimated $52,000 of the December 31,2013,accounts receivable would prove uncollectible.The adjusting entry required at December 31,2013,would be

• A) Doubtful Accounts Expense ...........22,000
• Allowance for Doubtful Accounts ...22,000
• B) Allowance for Doubtful Accounts .....22,000
• Accounts Receivable ...............22,000
• C) Doubtful Accounts Expense ...........52,000
• Allowance for Doubtful Accounts ...52,000
• D) Allowance for Doubtful Accounts .....52,000
• Doubtful Accounts Expense .........52,000

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To cover or enclose something completely with a material, such as paper, fabric, or plastic, for protection or decoration.

Line Wrench

A specialized wrench designed for gripping and turning pipes or fittings without slipping.

Tubing Fittings

Connectors used to join sections of tubing in hydraulic or pneumatic systems, ensuring leak-free connections.

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Flexible tubes designed to convey fluids from one location to another, used in various hydraulic systems.