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Find the balance of the allowance account

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Problem - Neal Company had the following information in 2014.

Accounts receivable 12/31/14 $11,000

Allowance for uncollectible account 12/31/14 $750 (before adjustment)

Credit sales during 2014 $43,000

Cash sales during 2014 $13,000

Collections from customers on account during 2014 $45,000

If uncollectible accounts are determined by the aging-of-receivales to be $970, the uncollectible-account expense for 2014 would be $20. Find the balance of the Allowance account after the adjusting entry?

A. $20

B. $1920

C. $950

D. $970

Reference no: EM132456556

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