An aging schedule reveals $6,500 of uncollectible accounts.The Allowance for Uncollectible Accounts currently has a credit balance of $250.The adjusting entry amount should be $6,250.

Question

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The adjusting entry amount should be equal to the difference between the uncollectible accounts amount and the current credit balance in the Allowance for Uncollectible Accounts. Therefore, the adjusting entry amount should be $6,500 - $250 = $6,250.

An Aging Schedule Reveals $6,500 of Uncollectible Accounts