At the beginning of X Pagach Corp. s "Allowance for Uncollectible Accounts" had a
credit balance of $
During X account receivable balances totaling $ were specifically writtenoff
as being uncollectible.
As a result of the above, which of the following statements is true immediately after
these specific writeoffs?
Select one:
a The "Allowance for Uncollectible Accounts" account has a credit balance of
$ which implies that last year's estimate giri bad debts was
underestimated too low
b The "Allowance for Uncollectible Accounts" account has a debit balance of
$ which implies that last year's estimate of bad debts was overestimated
too high
c The "Allowance for Uncollectible Accounts" account has a debit balance of
$ which implies that last year's estimate of bad debts was
underestimated too low
d The "Allowance for Uncollectible Accounts" account has a credit balance of
$ which implies that last year's estimate of bad debts was
overestimated too high
