For the year ended December 31, Beal Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:Allowance for uncollectible accounts, 1/1 $42,000Uncollectible accounts written off, 11/30 46,000Estimated uncollectible accounts per aging, 12/31 52,000After year-end adjustment, the uncollectible accounts expense should beA. $56,000B. $48,000C. $46,000D. $52,000
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Home » Business » For the year ended December 31, Beal Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable.