The amount of uncollectible accounts at the end of the year is estimated to be $27,500, using the aging of accounts receivable m

Question

3 years ago

13

The amount of uncollectible accounts at the end of the year is estimated to be $27,500, using the aging of accounts receivable m

ethod. The balance in the Allowance of Doubtful Accounts account is an $9,000 credit before adjustment. What is the adjusted balance of the Allowance for Doubtful Accounts at the end of the year?

Business

1 answer:

Elodia [21] · Answer 1 · 2022-03-30T04:35:57+03:00

Elodia [21]3 years ago

4 0

Answer:

$9,000

Explanation:

According to the aging method, The estimated amount that will not be collected should be the credit balance in the contra asset account Allowance for Doubtful Accounts.