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    lopezap1's Avatar
    lopezap1 Posts: 13, Reputation: 1
    New Member
     
    #1

    Jul 17, 2012, 07:30 PM
    Receivables
    Using the aging-of-receivables method to estimate uncollectibles, Avidity Corporation estimates that
    $3,550 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for
    Uncollectible Accounts has a credit balance of $800. Uncollectible account expense to be reported on the income statement is:
    A) $4,350.
    B) $3,550.
    C) $2,750.
    D) $800.
    I think answer is C
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
    Senior Member
     
    #2

    Jul 18, 2012, 04:02 AM
    Correct.

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