. At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit) before any adjustments. An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. The balance of Allowance for Uncollectible Accounts after adjustment will be: ABCD A. B. C. D. $1,000. $15,000. $16,000. $14,000.

FINANCIAL ACCOUNTING
10th Edition
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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12. At December 31, Tremble Music had account balances in Accounts Receivable of
$300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit) before any
adjustments. An analysis of Tremble's December 31 accounts receivable suggests that
5% of the account balances are not expected to be collected. The balance of Allowance
for Uncollectible Accounts after adjustment will be:
A.
B C
B.
C.
D.
$1,000.
$15,000.
$16,000.
$14,000.
Transcribed Image Text:12. At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit) before any adjustments. An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. The balance of Allowance for Uncollectible Accounts after adjustment will be: A. B C B. C. D. $1,000. $15,000. $16,000. $14,000.
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