What is the possible explanation for xyz company has a debit

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Problem 1: XYZ company has a DEBIT balance for uncollectible accounts receivable before any adjusting entries. What is the possible explanation?

Select one:

a. The amount of actual uncollectible accounts in the current year was less than the estimate of uncollectible accounts made at the end of the prior year.

b. The amount of cash collections from customers in the current year was less the amount of cash collections from customers in the prior year.

c. The amount of credit sales in the current year was greater than the amount of credit sales made in the prior year.

d. The amount of actual uncollectible accounts in the current year was greater than the estimate of uncollectible accounts made at the end of the prior year.

Reference no: EM132698541

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