Ask Experts Questions for FREE Help !
Ask
    asasp's Avatar
    asasp Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 5, 2013, 10:36 AM
    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.

Check out some similar questions!

Aging Method [ 1 Answers ]

I need help on how to use the aging method to do my accounting homework. Can anyone help me?

Aging of receivables [ 1 Answers ]

How can we estimate receivables by aging?

What is the aging-of-receivables method [ 1 Answers ]

What is the aging-of-receivables method in financial accounting? Please explain in easiest terms possible. Thank you

Aging Method [ 10 Answers ]

Based on an analysis of the 257,724 of accounts receivable, it was estimated that 14,500 will be uncollectible. Record the adjusting entry. Record the adjusting entry assuming the aging method was used.

Direct write -off method of accounting for uncollectibles [ 2 Answers ]

What is required when an account receivable is written off under the direct write -off method of accounting for uncollectibles.


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.