Multiple Choice
A company performs the aging of accounts receivable calculation and arrives at an estimate for uncollectible accounts of $800. If Allowance for Uncollectible Accounts has a debit balance of $300 prior to the year-end adjustment, for how much should the adjustment be journalized?
A) $1,100
B) $800
C) $300
D) $5,500
Correct Answer:
Verified
Correct Answer:
Verified
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