Ryan Company had the following information in 2018 EE (Click the icon to view th

Question

Ryan Company had the following information in 2018 EE (Click the icon to view the information.) Uncollectible account expense for 2018 is $1,715. What is the adjusted balance in the Allowance account at year-end for 2018? Data Table Accounts receivable 12/31/18 O A. $2.365 OB, $1,715 O c. $1,840 D. $650 .7,000 Allowance for uncollectible-accounts credit balance12/31/18 (before adjustment) Credit service revenue during 2018. Cash service revenue during 2018 Collections from customers on account during 2018 46,000 17,000 48,000 Print Done

Explanation / Answer

Ending balance of allowance account = Beginning balance of allowance account+Uncollectible expense for the period

= 650+1715

Ending balance of allowance account= $2365

So answer is a) $2365

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