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Ryan Company had the following information in 2018: (Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method to
Ryan Company had the following information in 2018: (Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method to be $940, the uncollectible account expense for 2018 would be $140. Using the aging-of-receivables method, the balance of the Allowance account after the adjusting entry at year-end 2018 would be O A. $140. O B. $480. OC. $940. O D. $800. i Data Table ......$ 12,000 800 Accounts receivable 12/31/18....... Allowance for uncollectible-accounts credit balance 12/31/18 (before adjustment). .............. Credit service revenue during 2018 ...... Cash service revenue during 2018 Collections from customers on account during 2018 44,000 14,000 44,000 Print Done
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