The following information was taken from the unadjusted trial balance and aging schedule of Diane Company on December 31, 2010. All sales are on account. Accounts and related balances at December 31, 2010 before adjustment:
Aging Schedule of Accounts Receivable:
If Diane uses the aging schedule of accounts receivable to determine bad debts, what is the Allowance for Doubtful Accounts balance at December 31, 2010?
A) $3,000
B) $4,280
C) $2,920
D) $3,740

Question

The following information was taken from the unadjusted trial balance and aging schedule of Diane Company on December 31, 2010. All sales are on account. Accounts and related balances at December 31, 2010 before adjustment:
 Aging Schedule of Accounts Receivable:
 If Diane uses the aging schedule of accounts receivable to determine bad debts, what is the Allowance for Doubtful Accounts balance at December 31, 2010?
A) $3,000 
B) $4,280 
C) $2,920 
D) $3,740

Quizplus · Accepted Answer

The Answer of The following information was taken from the unadjusted trial balance and aging schedule of Diane Company on December 31, 2010. All sales are on account. Accounts and related balances at December 31, 2010 before adjustment:
 Aging Schedule of Accounts Receivable:
 If Diane uses the aging schedule of accounts receivable to determine bad debts, what is the Allowance for Doubtful Accounts balance at December 31, 2010?
A) $3,000 
B) $4,280 
C) $2,920 
D) $3,740

The Following Information Was Taken from the Unadjusted Trial Balance