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A yearend review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accounts Receivable Est. Percent Uncollectible 130 days $60,000 2% 3160

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A yearend review of Accounts Receivable and estimated uncollectible percentages revealed the following:

Days Outstanding

Accounts Receivable

Est. Percent Uncollectible

130

days

$60,000

2%

3160

days

$43,000

5%

6190

days

$22,000

10%

Over 90 days

$5,000

50%

Before the yearend adjustment, the credit balance in Allowance for Uncollectible Accounts was $900.

Under the agingofreceivables method, the balance in the Allowance for Uncollectible Accounts will be ________ after the adjusting entry is made.

A. $7,150

B. $8,050

C. $300

D. $8,950

A year - end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Accounts Est. Percent Days Outstanding Receivable Uncollectible 1 - 30 days $60,000 2% 31-60 days $43,000 5% $22,000 10% 61 - 90 days Over 90 days $5,000 50% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $900. Under the aging-of-receivables method, the balance in the Allowance for Uncollectible Accounts will be entry is made. after the adjusting

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