Estimated losses from uncollectible accounts


On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An aged analysis of the accounts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for:

A) $800

B) $1,000

C) $1,200

D) $200

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Estimated losses from uncollectible accounts
Reference No:- TGS063674

Expected delivery within 24 Hours