Question
An aging revealed a target year-end allowance of $100,000.? The balance in Allowance for Uncollectibles, before adjustment, contained a $10,000 debit balance.? $60,000 was actually written off during the year to arrive at the indicated debit balance.
| | The Uncollectibles Accounts Expense should be increased by $60,000. |
| | The Uncollectibles Accounts Expense should be increased by $110,000. |
| | The Uncollectibles Accounts Expense should be increased by $150,000. |
| | The Uncollectibles Accounts Expense should be increased by $90,000. |