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29 January, 19:20

He allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $110. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:

(A) $530

(B) $640

(C) $750

(D) $110

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  1. 29 January, 20:10
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    Answer: The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of: $750

    Given:

    Accounts receivable = $640

    Allowance for Doubtful Accounts = $110

    Therefore, the correct option is (c).
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