100 MCQs Accounting Assignment 2015

Question Q1. Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year, and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following records the proper provision for doubtful accounts? a. Increase Uncollectible Accounts Expense, $14,500; increase Allowance for Doubtful Accounts, $14,500 b. Increase Uncollectible Accounts Expense, $15,000; increase Allowance for Doubtful Accounts, $15,000 c. Increase Uncollectibl...

Question Q1. Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year, and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following records the proper provision for doubtful accounts? a. Increase Uncollectible Accounts Expense, $14,500; increase Allowance for Doubtful Accounts, $14,500 b. Increase Uncollectible Accounts Expense, $15,000; increase Allowance for Doubtful Accounts, $15,000 c. Increase Uncollectibl...