Using the Aging-Of-Receivables Method to Estimate Uncollectibles, Greeley Corporation Estimates

Multiple Choice

Using the aging-of-receivables method to estimate uncollectibles, Greeley Corporation estimates that $9,500 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a credit balance of $3,000. After all necessary adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be:

A) $3,000.
B) $6,500.
C) $9,500.
D) $12,500.