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Using the Aging-Of-Accounts-Receivable Method, You Estimate That Total Uncollectible Accounts

Question 110

Multiple Choice

Using the aging-of-accounts-receivable method, you estimate that total uncollectible accounts are $3,800. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of
$1,100. The amount of the adjusting entry should be:


A) $1,100
B) $3,800
C) $4,900
D) $2,700

Correct Answer:

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