During the Year, Popsicle Inc

question 39

Multiple Choice

During the year, Popsicle Inc., who uses the allowance method, made an entry to write off a $2,000 uncollectible account.Before this entry was posted, the balance in accounts receivable was $40,000 and the balance in the allowance account was $3,500.The net realizable value of accounts receivable after the write off entry was

• A)$40,000.
• B)$38,500.
• C)$38,000.
• D)$36,500.

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Definitions:

Atomic Statements

The simplest type of statements in logic that cannot be broken down into smaller components while retaining meaning.

Main Components

Key or primary parts that make up a system, machine, or composition.

Connectives

Logical operators that are used to connect propositions in compound statements, such as and, or, if...then.

Main Connective

The primary logical operator in a logical formula that determines the overall truth or falsity of the formula.