lleo, Inc. had credit sales for the period of $85,000. The balance in Allowance for...
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Accounting
lleo, Inc. had credit sales for the period of $85,000. The balance in Allowance for Doubtful Accounts is a debit of $867.
What is the credit to Allowance for Doubtful Accounts if Illeo uses the aging method to estimate uncollectible accounts and an aging of Accounts Receivable reflected an estimated amount of uncollectible accounts of $6,342?
A.$5,475
B. $867
C. $7,209
D. $6,342
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