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8 March, 12:56

Using the percentage-of-sales method, the estimated total uncollectible accounts are $7,322. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,635. The Accounts Receivable balance is $44,720. The amount of the adjusting entry for Uncollectible - Accounts Expense is

A. $7,322

B. $9,957.

C. $2,635

D. $4,687

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  1. 8 March, 13:27
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    B. $9,957.

    Explanation:

    The computation is adjusted amount for Uncollectible account expense is shown below:

    = The estimated total uncollectible accounts + debit balance of Allowance for uncollectible accounts

    = $7,322 + $2,635

    = $9,957

    For computing the adjusted amount we added the estimated total uncollectible accounts and the debit balance of Allowance for uncollectible accounts
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