The following information pertains to Jacobsen Co.'s accounts receivable at December 31, 2013: 
During 2013, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2012, allowance for uncollectible accounts was $40,000. Under the aging method, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2013?
A) $28,000.
B) $31,400.
C) $55,400.
D) $49,400.
Correct Answer:
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