2760 . Financi,,. /user/attempt/quiz start frame d2Pou 515178isprv &drc-1;&qi-27

Question

2760 . Financi,,. /user/attempt/quiz start frame d2Pou 515178isprv &drc-1;&qi-272374;&ciql; 08dnb-0 Search ooo nancial Accounting for Managers SP18 B-Sectio 0O0 ssessments? Communication ? My Tools? e Left:1:46:16 Sharde Johnson: Attempt 1 Save Question 7 (5 points) Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year, and an analysis of accounts in the customers' ledger indicates doubtful accounts of $15,000. Compute the adjusted balance in the allowance for doubtful accounts? A) $15,500 B) $14,500 C) $15,000 D) $14,00o Save O Quizzes-AC2760

Explanation / Answer

The answer is c- $15,000

We will record the Allowance for Doubtful Accounts to the extent of the differential between the adjusted Allowance required based on the doubtful accounts at the end of the year ($15,000) and Unadjusted balance at the end of the year( $500).

Dear Student,

Best effort has been made to give quality and correct answer. But if you find any issues please comment your concern. I will definitely resolve your query.

Also please give your positive rating.

  

Unadjusted Allowance Doubtful Accounts $        500.00 Doubtful Accounts at the End of the Year $ 15,000.00 Allowance for Doubtful Accounts to be provided $ 14,500.00 Adjusted Allowance Doubtful Accounts (14500+500) $ 15,000.00

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.