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31 of the current year a junior accountant prepared the following aging schedule for the company's outstanding receivables. Which of the following adjusting entries
31 of the current year a junior accountant prepared the following aging schedule for the company's outstanding receivables. Which of the following adjusting entries reflects the entry to record bad debt the Allowance for Uncollectible Accounts has an $850 credit balance. Age Interval Not Due Amount % $99,000 2% 1-30 days past due 33,000 10% 31-60 days past due 13,200 25% 61-90 days past due 16,500 30% Over 90 days past due 3,300 50% Total Receivables $165,000 Account DR CR Option Allowance for Uncollectible Accounts 15,180 A Accounts Receivable Account DR 15,180 CR Option Bad Debt Expense 15,180 B Allowance for Uncollectible Accounts 15,180 Account DR CR Option Bad Debt Expense 14,330 C Accounts Receivable 14,330 Account Option D Bad Debt Expense DR 14,330 CR Allowance for Uncollectible Accounts Option None of the Above E 14,330
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