At December 31,Tremble Music Had Account Balances in Accounts Receivable

question 113

Multiple Choice

At December 31,Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (debit) before any adjustments.An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected.The balance of Allowance for Uncollectible Accounts after adjustment will be:

• A)$1,000.
• B)$16,000.
• C)$14,000.
• D)$15,000.

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