On December 31,prior to Adjustments,the Balance of Accounts Receivable Is

Question 43
Multiple Choice

On December 31,prior to adjustments,the balance of Accounts Receivable is $32,000 and Allowance for Doubtful Accounts has a credit balance of $190.The firm estimates its losses from uncollectible accounts to be 5% of accounts receivable at the end of the year.The adjusting entry needed to record the estimated losses from uncollectible accounts is made for A) $190. B) $1,410. C) $1,600. D) $1,790.