Allowance for Doubtful Accounts has an unadjusted balance of$1,100 at the end of

Question

Allowance for Doubtful Accounts has an unadjusted balance of$1,100 at the end of the year, and an analysis of customers'accounts indicates doubtful accounts of $12,900. Which of thefollowing records the proper provision for doubtfulaccounts?
a. increase Uncollectible Accounts Expense, $14,000; increaseAllowance for Doubtful Accounts, $14,000 b. decrease Allowance for Doubtful Accounts, $14,000; decreaseUncollectible Accounts Expense, $14,000 c. decrease Allowance for Doubtful Accounts, $11,800; decreaseUncollectible Accounts Expense, $11,800 d. increase Uncollectible Accounts Expense, $11,800; increaseAllowance for Doubtful Accounts, $11,800 Allowance for Doubtful Accounts has an unadjusted balance of$1,100 at the end of the year, and an analysis of customers'accounts indicates doubtful accounts of $12,900. Which of thefollowing records the proper provision for doubtfulaccounts?
a. increase Uncollectible Accounts Expense, $14,000; increaseAllowance for Doubtful Accounts, $14,000 b. decrease Allowance for Doubtful Accounts, $14,000; decreaseUncollectible Accounts Expense, $14,000 c. decrease Allowance for Doubtful Accounts, $11,800; decreaseUncollectible Accounts Expense, $11,800 d. increase Uncollectible Accounts Expense, $11,800; increaseAllowance for Doubtful Accounts, $11,800

Explanation / Answer

Allowance for doubtful accounts has an adjusted balance of$1,100 at the end of the year , and an analysis ofcustomers' accounts indicates doubtful accounts of $12,900 . Which of thefollowing records the proper provision for doubtful accounts? Unadjusted balance at the year end 1,100.00 Doubtful accounts 12,900.00 Hence additional provision required 11,800.00 Hence the answer is : d. Increase UncollectibleAccounts Expense , $ 11,800 ;increase Allowance for Doubtful Accounts, $11,800 Unadjusted balance at the year end 1,100.00 Doubtful accounts 12,900.00 Hence additional provision required 11,800.00 Hence the answer is : d. Increase UncollectibleAccounts Expense , $ 11,800 ;increase Allowance for Doubtful Accounts, $11,800

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