Multiple Choice
The amount of uncollectible accounts at the end of the year is estimated,using the aging of receivables method,to be $25,000.The balance in the Allowance for Doubtful Accounts account is an $8,000 credit before adjustment.What should the balance in the Allowance for Doubtful Accounts account be after adjustment?
A) $8,000.
B) $17,000.
C) $25,000.
D) $33,000. 25,000 - 8,000 = 17,000
Correct Answer:
Verified
Correct Answer:
Verified
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