Multiple Choice
On December 31, 2019, prior to adjustments, the Allowance for Doubtful Accounts has a debit balance of $750. An aging of the accounts receivable produces an estimate of $6,500 of probable losses from uncollectible accounts.
-The balance in the Allowance for Doubtful Accounts after the entry to record estimated losses from uncollectible accounts will be:
A) a credit of $5,750
B) a credit of $7,250
C) a credit of $6,500
D) a debit of $6,500
Correct Answer:
Verified
Correct Answer:
Verified
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