Q: On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An aging analysis of the accounts receivable produces an estimate of $1,000 of probable losses from
uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for
$200.
$800.
$1,000.
$1,200.
A: The answer is $1,200.
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