At its fiscal year end, under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $12,000. The unadjusted balance for the Allowance for Doubtful Accounts is...


At its fiscal year end, under the aging of a company's accounts receivable, the uncollectible accounts are<br>estimated to be $12,000. The unadjusted balance for the Allowance for Doubtful Accounts is $2,000 credit.<br>Assume the company records adjusting entries only at year end.<br>What is the balance in the Allowance for Doubtful Accounts account after adjustment?<br>A. $14,000<br>B. $12,000<br>O C. $10,000<br>D. $2,000<br>

Extracted text: At its fiscal year end, under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $12,000. The unadjusted balance for the Allowance for Doubtful Accounts is $2,000 credit. Assume the company records adjusting entries only at year end. What is the balance in the Allowance for Doubtful Accounts account after adjustment? A. $14,000 B. $12,000 O C. $10,000 D. $2,000

Jun 09, 2022
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