A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following:
Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $1000. Under the aging-of-receivables method, the Uncollectible-Account Expense at year-end is:
A) $1240.
B) $8870.
C) $9870.
D) $10,870.
Correct Answer:
Verified
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