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

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: At the end of the year,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) $1,200.
B) $6,300.
C) $7,300.
D) $8,300.