inia Community College System Take Test: Chapter 9 - Fall 2017 AC.. Chegg Study

Question

inia Community College System Take Test: Chapter 9 - Fall 2017 AC.. Chegg Study Guided Solutions maining Time: 31 minutes, 01 second. estion Completion Status: QUESTION 11 untants g ly prefer the allowance of accounting for un e accounts use otie iolees from uncolctible acounts to ar in which the individua are found to be B. matches uncollectible accounts expense against e sal nts expense over many years more uniformly. ecti QUESTION 12 In March 2012, after trying unsuccessfuly to collect for nearly two years, Kirby Co. wrote the s250 account of Poole off as uncollectible. In August 2012, Poole sent a check for $100 "on account." Assuming kirby Co. uses the allowance method, which of the following entries should it make upon receipt of the $100 check? No further checks are expected from Poole. h": A. Cash 100 Alowance for Uncollectible Accounts 100

Explanation / Answer

Q11) Option D is Correct. Tends to reduce the amount of uncollectible expense recognized in any year

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