Question:At the end of the fiscal year, before the accounts are adjusted, Account Receivable has a balance of $200,000 and Allowance for Doubtful Accounts has a credit balance of $2500. If the estimate of uncollectible accounts determined by aging the Receivables is $8500, the amount of uncollectible accounts expense will be:
A $11,000
B $2,500
C $8,500
D $6,000
+ AnswerC
+ Explanation
+ Report