Business, 21.04.2020 02:32 almaga1979orfvwo

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $110.
The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:

A) $530. B) $640. C) $750. D) $110.

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