An aging-of-accounts-receivable indicates that the amount of uncollectible accounts is $3,210.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $200.The Accounts Receivable balance is $44,320.The amount of the adjusting entry for uncollectible accounts should be for:

Question

Quizplus · Accepted Answer

The adjusting entry should bring the Allowance for Uncollectible Accounts to the estimated uncollectible amount of $3,210. Since there is already a $200 debit balance, the entry should be $3,210 + $200 = $3,410.

An Aging-Of-Accounts-Receivable Indicates That the Amount of Uncollectible Accounts Is