Allowance for Doubtful Accounts Has a Credit Balance of $1,100

question 23

Multiple Choice

Allowance for Doubtful Accounts has a credit balance of $1,100 at the end of the year,before adjustments.Sales for the year amounted to $760,000,sales discounts amounted to $12,000 and sales returns and allowances amounted to $36,000.If the uncollectible accounts expense is estimated at 2% of net sales,the amount of the adjusting entry to record the estimated losses from uncollectible accounts will be

• A) $15,340
• B) $13,140
• C) $14,240
• D) $15,200

Identify techniques for effective document structure and organization, including transitional elements.

Identify and understand the function of transformed predicates in sentences.

Utilize parallelism to emphasize the equality and importance of ideas in writing.

Recognize the significance of clarity in writing and how it can be enhanced through organization, structure, and word choice.

---

Definitions:

Social Security

A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.

Basic Income

A financial security program in which all citizens receive a regular, unconditional sum of money from the government regardless of other income.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Survivor Benefits

Financial benefits usually provided by government or private pension plans to the dependents of a deceased individual who qualified for the benefits.