Question

Using the percentage minus−ofminus−sales method, the estimated total uncollectible accounts are​ $6,622. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of​ $2,935. The Accounts Receivable balance is​ $44,420. The amount of the adjusting entry for Uncollectibleminus−Accounts Expense​ is:___________
A. $9,557.
B. $2,935.
C. $3,687.
D. $6,622.

Answer 1

Answer:

C. $3,687.

Explanation:

amount of the adjusting entry for Uncollectibleminus−Accounts Expense​

= $6,622 - $2,935

= $3,687

Therefore, The amount of the adjusting entry for Uncollectibleminus−Accounts Expense​ is $3,687.