A Year-End Review of Accounts Receivable and Estimated Uncollectible Percentages

Multiple Choice

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 $1000. Under the aging-of-receivables method, the Uncollectible-Account Expense at year-end is:

A) $1240.
B) $8870.
C) $9870.
D) $10,870.