lopezap1
Jul 17, 2012, 07:32 PM
An aging-of-accounts-receivable method indicates that amount of uncollectible accounts is $7,200.
The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,000. The amount of the
Adjusting entry for uncollectible accounts expense should be:
A) $9,200.
B) $7,200.
C) $5,200. I think answer is??
D) $2,000.
The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,000. The amount of the
Adjusting entry for uncollectible accounts expense should be:
A) $9,200.
B) $7,200.
C) $5,200. I think answer is??
D) $2,000.