Public companies are required to

a$.$ have an independent audit of financial statements.

b$.$ have an audit of the internal control systems.

c$.$ fully document and certify the company$$s system of internal controls.

d$.$ do all of these.

Caudill Sales Company made most of its sales on credit during its first year of operation, $2014.$ At the end of the year, accounts receivable amounted to $$100,000.$ On December $31,2014,$ management reviewed the collectible status of the accounts receivable. Approximately $$6,000$ of the $$100,000$ of accounts receivable were estimated to be uncollectible. As per the accounts receivable aging method the adjusting entry that would be made on December $31$ of that year is:

a$.$ Uncollectible Accounts Expense $6,000$

Accounts Receivable $6,000$

b$.$ Allowance for Uncollectible Accounts $10,000$

Uncollectible Accounts Expense $10,000$

c$.$ Uncollectible Accounts Expense $6,000$

Allowance for Uncollectible Accounts $6,000$

d$.$ Allowance for Uncollectible Accounts $10,000$

Accounts Receivable $10,000$