Multiple Choice
Using the percentage-of-sales method, the estimated total uncollectible accounts are $6622. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2935. The Accounts Receivable balance is $44,420. The amount of the adjusting entry for Uncollectible-Accounts Expense is:
A) $2935.
B) $3687.
C) $6622.
D) $9557.
Correct Answer:
Verified
Correct Answer:
Verified
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