Mercy Inc.uses the Aging of Accounts Receivable method for estimating uncollectible accounts.The accounting records show the following information at the end of the year:

If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $15,000,what would be the amount of the adjustment for bad debts?
A) $64,000
B) $79,000
C) $45,000
D) $34,500

Question

Mercy Inc.uses the Aging of Accounts Receivable method for estimating uncollectible accounts.The accounting records show the following information at the end of the year:

If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $15,000,what would be the amount of the adjustment for bad debts?
A) $64,000 
B) $79,000 
C) $45,000 
D) $34,500

Quizplus · Accepted Answer

The Answer of Mercy Inc.uses the Aging of Accounts Receivable method for estimating uncollectible accounts.The accounting records show the following information at the end of the year:

If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $15,000,what would be the amount of the adjustment for bad debts?
A) $64,000 
B) $79,000 
C) $45,000 
D) $34,500

Mercy IncUses the Aging of Accounts Receivable Method for Estimating Uncollectible