4. As of December 31, 2019 the "Accounts Receivables" have a debit balance of $200,000....
90.2K
Verified Solution
Link Copied!
Question
Accounting
4. As of December 31, 2019 the "Accounts Receivables" have a debit balance of $200,000. The "Allowance for Doubtful Accounts", on the other hand, has a credit balance of $16,000 before adjustment. On December 31, 2019 the aging of accounts receivable indicate the amount probably uncollectible to be $16,100. What is the adjusted balance of "Allowance for Doubtful Accounts" on December 31, 2019? * (3 Points) $16,000 $16,100 $32,100 $100
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: Zin AI - Your personal assistant for all your inquiries!