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Using the Percentage-Of-Sales Method,the Estimated Total Uncollectible Accounts Are $7,122

Question 80

Multiple Choice

Using the percentage-of-sales method,the estimated total uncollectible accounts are $7,122.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $3,135.The Accounts Receivable balance is $44,820.The amount of the adjusting entry for Uncollectible-Accounts Expense is:


A) $3,135.
B) $3,987.
C) $7,122.
D) $10,257.

Correct Answer:

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