Multiple Choice
On December 31,prior to adjustment,Allowance for Doubtful Accounts has a credit balance of $400.An aging analysis of the accounts receivable produces an estimate of $2,000 of probable losses from uncollectible accounts.The adjusting entry needed to record the estimated losses from uncollectible accounts is made for
A) $400.
B) $1,600.
C) $2,000.
D) $2,400.
Correct Answer:
Verified
Correct Answer:
Verified
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