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Asked by vybhavchar1
. Question 29 0.25 / 0.25 pts Sweet Treats Co. uses the aging...
Image transcription text Question 29
0.25 / 0.25 pts
Sweet Treats Co. uses the aging method to estimate bad debt at the end of the
period. Before adjusting entries, Allowance for Uncollectible Accounts had a balance
of $2,700. Per the aging schedule, total uncollectible accounts is estimated at
$4,300. What is the adjusting journal entry to record bad debt?
O
Dr. Uncollectible Accounts Expense 1,600; Cr. Allowance for Uncollectible Accounts
1,600
O
Dr. Allowance for Uncollectible Accounts 2,700; Cr. Uncollectible Accounts Expense
2,700
O
Dr. Allowance for Uncollectible Accounts 1,600; Cr. Uncollectible Accounts Expense
1,600
O Dr. Uncollectible Accounts Expense 1,600; Cr. Accounts Receivable 1,600
O
Dr. Uncollectible Accounts Expense 2,700; Cr. Allowance for Uncollectible Accounts
2,700
Solved by verified expert
Answered by thehuffleclaw
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