Financial Accounting (12th Edition) (What's New in Accounting)
12th Edition
ISBN: 9780134725987
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Chapter 5, Problem 9QC
Jackson Company had the following information in 2018:
| $ 8,000 | |
| Allowance for uncollectible-accounts credit balance 12/31/18 (before adjustment) | 900 |
| Credit service revenue during 2018 | 39,000 |
| Cash service revenue during 2018 | 20,000 |
| Collections from customers on account during 2018 | 40,000 |
Uncollectible account expense for 2018 is $1,615. What is the adjusted balance in the Allowance account at year-end for 2018?
- a. $650
- b. $2,515
- c. $1,615
- d. $900
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Chapter 5 Solutions
Financial Accounting (12th Edition) (What's New in Accounting)
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