Multiple Choice
The amount of uncollectible accounts at the end of the year is estimated,using the aging of receivables method,to be $25,000.The balance in the Allowance for Doubtful Accounts account is an $8,000 credit before adjustment.What should the balance in the Allowance for Doubtful Accounts account be after adjustment?
A) $8,000.
B) $17,000.
C) $25,000.
D) $33,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The Grass is Greener Corporation's receivables turnover
Q12: IBM signs an agreement to lend one
Q96: The days- to- collect increases from 32
Q97: The amount of the principal of a
Q99: When bad debts exceed the amount estimated
Q100: Match the term and the explanation.Not all
Q101: A company lends a major client $90,000
Q103: On January 31,2006,Purrfect Pets receives a $4,680
Q104: The unadjusted balance of the allowance for
Q126: Plasma Inc. ,has net credit sales of