Cedar Mill,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 $30,000,what would be the amount of the adjustment for bad debts?
A)$128,000
B)$158,000
C)$90,000
D)$69,000

Question

Cedar Mill,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 $30,000,what would be the amount of the adjustment for bad debts?
A)$128,000 
B)$158,000 
C)$90,000 
D)$69,000

Quizplus · Accepted Answer

The Answer of Cedar Mill,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 $30,000,what would be the amount of the adjustment for bad debts?
A)$128,000 
B)$158,000 
C)$90,000 
D)$69,000