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View Full Version : Using the aging-of-receivables method to estimate uncollectibles, Greeley Corporation


asasp
Jun 5, 2013, 10:36 AM
Using the aging-of-receivables method to estimate uncollectibles, Greeley Corporation estimates that $9,500 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a debit balance of $3,000. After all necessary adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be:

a.
$12,500.
b.
$9,500.
c.
$6,500.
d.
$3,000.