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A year end review of Accounts Receivable and estimated uncollectible percentages revealed the​ following: Days Outstanding Accounts Receivable Est. Percent Uncollectible 1minus30 days $ 61 comma 000 2​% 31minus60 days $ 44 comma 000 5​% 61minus90 days $ 21 comma 000 11​% Over 90 days $ 9 comma 000 50​% Before the yearminusend ​adjustment, the credit balance in Allowance for Uncollectible Accounts was $ 1 comma 500. Under the agingminusofminusreceivables ​method, the UncollectibleminusAccount Expense at yearminusend ​is: A. $ 8 comma 730. B. $ 10 comma 230. C. $ 11 comma 730. D. $ 1 comma 220

Respuesta :

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days    

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense  is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

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