(solution) Allowance for Doubtful Accounts has a credit balance of $800

(solution) Allowance for Doubtful Accounts has a credit balance of $800

Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following entries records the proper provision for doubtful accounts? A. debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B. debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts, $14,200 C.debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D. debit Allowance for Doubtful Accounts, $15,800; credit Uncollectible Accounts Expense, $15,800