At the End of the Year,Mark Inc

question 110

Multiple Choice

At the end of the year,Mark Inc.estimates future bad debts to be $6,500.The Allowance for Uncollectible Accounts has a credit balance of $2,500 before any year-end adjustment.What adjustment should Mark Inc.record for the estimated bad debts at the end of the year?

• A)Debit Bad Debt Expense,$6,500;credit Allowance for Uncollectible Accounts,$6,500.
• B)Debit Bad Debt Expense,$4,000;credit Allowance for Uncollectible Accounts $4,000.
• C)Debit Allowance for Uncollectible Accounts,$9,000;credit Bad Debt Expense,$9,000.

---

Definitions:

Supply Chain

The entire system of producing and delivering a product or service, from the initial sourcing of materials to the final delivery to consumers.

Customer Orders

Requests made by customers to purchase specific products or services from a business, often requiring processing and fulfillment.

Financial Resources

Assets or capital available to an individual or organization for spending or investing.

Specialized Mode

A specific way of operation or function that is designed for a particular purpose or task, often seen in technology or transportation sectors.