Oregon Ltd's account balances at December 31, 2021, before adjusting entries, include: Accounts receivable: $156,000 Allowance for doubtful accounts: $1,900 All account balances are normal balances. After reviewing the receivables balance, management estimates that $5,000 of the accounts receivable will be uncollectible. The required adjusting entry would include a credit to the allowance account in the amount of: Question 5 options: $1,900 $6,900 $5,000 $3,100
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Oregon Ltd's account balances at December 31, 2021, before
Accounts receivable: $156,000
Allowance for doubtful accounts: $1,900
All account balances are normal balances. After reviewing the receivables balance, management estimates that $5,000 of the accounts receivable will be uncollectible. The required adjusting entry would include a credit to the allowance account in the amount of:
Question 5 options:
|
$1,900 |
|
$6,900 |
|
$5,000 |
|
$3,100 |
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Solved in 2 steps
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