Jackson Company had the following information in 2018:Accounts receivable 12/31/18...................................................................Allowance for uncollectible-accounts credit balance12/31/18 (before adjustment) ...................................................................Credit service revenue during 2018 ..........................................................Cash service revenue during 2018 ............................................................Collections from customers on account during 2018................................$ 8,00090039,00020,00040,0009. Uncollectible account expense for 2018 is $1,615. What is the adjusted balance in theAllowance account at year-end for 2018?a. $650b. $2,515c. $1,615d. $900

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Jackson Company had the following information in 2018:
Accounts receivable 12/31/18...................................................................
Allowance for uncollectible-accounts credit balance
12/31/18 (before adjustment) ...................................................................
Credit service revenue during 2018 ..........................................................
Cash service revenue during 2018 ............................................................
Collections from customers on account during 2018................................
$ 8,000
900
39,000
20,000
40,000
9. Uncollectible account expense for 2018 is $1,615. What is the adjusted balance in the
Allowance account at year-end for 2018?
a. $650
b. $2,515
c. $1,615
d. $900

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