Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Using the aging-of-receivables method to estimate uncollectibles, Greeley Corporation (https://www.askmehelpdesk.com/showthread.php?t=752301)

  • Jun 5, 2013, 10:36 AM
    asasp
    Using the aging-of-receivables method to estimate uncollectibles, Greeley Corporation
    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.

  • All times are GMT -7. The time now is 12:17 PM.