Data for the Year Ended December 31 Are Presented Below

question 37

Multiple Choice

Data for the year ended December 31 are presented below.Sales (100% on credit)

-Refer to A&B Foods. If the company uses 4% of net credit sales to estimate its bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?

• A)$ 50,000
• B)$103,000
• C)$ 78,000
• D)$ 75,000

---

Definitions:

Underlying Table

The fundamental database structure that stores data in rows and columns, upon which queries and reports are based.

Criterion

A principle or standard by which something is judged or decided.

Standard Word Format

A commonly used format for documents created in Microsoft Word.

Database Management System

A software system that enables the creation, management, and manipulation of databases, allowing users to store, retrieve, and update data efficiently.