Question: how do I answer to question 59 and 60 Use the following information for questions 59-60. Under the aging of a company's accounts receivable, the
how do I answer to question 59 and 60
Use the following information for questions 59-60. Under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $12,000. The unadjusted balance for the Allowance for Doubtful Accounts is $2,000 credit. 59. What is the balance in the Allowance for Doubtful Accounts account after adjustment? oo $14,000 $12,000 $2,000 $10,000 Copyright 2018 Catherine Seguin Practice Multiple Choice Problems (Chapters 4-10 (excl. 7)) 60. What is the amount of bad debts expense for the year? $14,000 $12,000 $2,000 $10,000
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