At the end of 2021, Boise Lenders had a balance in its Allowance for Uncollectible Accounts of $5,000 (debit) before any adjustment. The company estimated its future uncollectible accounts to be $18,000 using the percentage-of-receivables method. Boise Lenders adjustment on December 31, 2021, to record its estimated uncollectible accounts included a: 

A) Credit to Allowance for Uncollectible Accounts of $18,000. 

B) Debit to Bad Debt Expense of $18,000. 

C) Debit to Allowance for Uncollectible Accounts of $23,000.

D) Credit to Allowance for Uncollectible Accounts of $23,000.

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The detailed answer for the above question is provided below The correct answer is D Credit to Allow... View the full answer