The general ledger account for Accounts Receivable shows a debit balance of $25,000. Allowance for Uncollectible Accounts has a credit balance of $1.500. Net sales for the year were $250,000. In the past, 3 percent of sales have proved uncollectible; and an aging of accounts receivable resulted in an estimate of $10,000 of uncollectible accounts receivable.

Using the accounts receivable aging method, the Allowance for Uncollectible Accounts balance (after adjustment) would be

The general ledger account for Accounts Receivable shows a debit balance of $25,000. Allowance for Uncollectible Accounts has a credit balance of $1,500. Net sales for the year were $250,000. In the past, 3 percent of sales have proved uncollectible; and an aging of accounts receivable resulted in an estimate of $10,000 of uncollectible accounts receivable. Using the accounts receivable aging method, the Allowance for Uncollectible Accounts balance (after adjustment) would be $11,500$10,000$8,500$10,750