very short 1 multiple choice please help!! Bartel Company uses...

50.1K

Verified Solution

Question

Accounting

very short 1 multiple choice please help!! image
image
Bartel Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period. On December 31,20XX, the balance of accounts receivable is $220,000, and the allowance for uncollectible accounts has a credit balance of $4,500 (before adjustment). An analysis of accounts receivable produced the following age groups: View the accounts receivable aging information. Based on past experience, Bartel estimates the percentages of accounts that will prove to be uncollectible within the three groups are 5%,11%, and 28%, respectively. Based on these facts, the adjusting entry for bad debt expense should be made in the amount of A. $9,202. B. $13,702. C. $18,202. D. $19,202. Accounts receivable aging information

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students