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 $1,000.Under the aging-of-receivables method,the Uncollectible-Account Expense at year-end is:
A) $1,240
B) $8,870
C) $9,870
D) $10,870
Correct Answer:
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