B. Uncollectible Accounts A trial balance of Golden Rams Company before adjustments included the following: Debit...

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B. Uncollectible Accounts A trial balance of Golden Rams Company before adjustments included the following: Debit Credit $500

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Answer 1

Answer #1

1. Adjustment under allowance method = $80000*10% - $1000 = $7,000

Option B. is correct answer.

2. Adjustment under allowance method = $80000*10% + $1000 = $9,000

Option D. is correct answer.

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Answer 2

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