The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2013: Mali estimates that 1.5 % of the gross accounts receivable will become uncollectible.After the proper adjustment at December 31, 2013, the allowance for doubtful accounts should have a credit balance of
A)$23,750.
B)$12,750.
C)$11,000.
D)$ 1,750.

Question

The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2013:  Mali estimates that 1.5 % of the gross accounts receivable will become uncollectible.After the proper adjustment at December 31, 2013, the allowance for doubtful accounts should have a credit balance of
A)$23,750. 
B)$12,750. 
C)$11,000. 
D)$ 1,750.

Quizplus · Accepted Answer

The Answer of The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2013:  Mali estimates that 1.5 % of the gross accounts receivable will become uncollectible.After the proper adjustment at December 31, 2013, the allowance for doubtful accounts should have a credit balance of
A)$23,750. 
B)$12,750. 
C)$11,000. 
D)$ 1,750.

The Following Accounts Were Included on Mali Co