A Year-End Review of Accounts Receivable and Estimated Uncollectible Percentages

question 194

Multiple Choice

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $1000. Under the aging-of-receivables method, the Uncollectible-Account Expense at year-end is:

• A)$1240.
• B)$8870.
• C)$9870.
• D)$10,870.

---

Definitions:

Unconscious Wishes

Desires or thoughts that reside in the unconscious mind, not readily accessible to the conscious mind but influencing behavior and emotions.

Dreaming

A sequence of thoughts, images, and sensations occurring in a person's mind during sleep.

Memory Performance

The efficiency and accuracy with which an individual can store, retain, and recall information.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.