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A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accounts Receivable Est. Percent Uncollectible 1-30 days $64,000 3% 31-60
A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following:
Days Outstanding | Accounts Receivable | Est. Percent Uncollectible |
1-30 days | $64,000 | 3% |
31-60 days | $43,000 | 4% |
61-90 days | $23,000 | 10% |
Over 90 days | $8000 | 52% |
Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $800. Under the aging-of-receivables method, the balance in the Allowance for Uncollectible Accounts will be ________ after the adjusting entry is made.
Group of answer choices
$9300
$10,900
$1120
$10,100
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