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

Question 93

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: 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 $1,000.Under the aging-of-receivables method,the Uncollectible-Account Expense at year-end is: A) $1,240 B) $8,870 C) $9,870 D) $10,870 Before the year-end adjustment,the credit balance in Allowance for Uncollectible Accounts was $1,000.Under the aging-of-receivables method,the Uncollectible-Account Expense at year-end is:


A) $1,240
B) $8,870
C) $9,870
D) $10,870

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