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: The credit balance in Allowance for Uncollectible Accounts was $5,700. Under aging-of-receivables method, the balance in the Allowance for Uncollectible Accounts will be ________ after the adjusting entry is made.

A) $1,500
B) $4,100
C) $5,300
D) $6,300