A Company Has Net Credit Sales of $900,000 for the Year

question 19

Multiple Choice

A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of

• A) $18,000.
• B) $19,000.
• C) $17,980.
• D) $17,000.

---

Definitions:

Source Object

The original data or component from which a copy, derivation, or link is made in software applications or programming, often serving as a reference or template.

Subform

A form embedded within another form in a database application, usually used to display related records from a different table.

Main Form

The primary window or screen in a software application which provides the main user interface for interacting with the program's features.

Related Form

In database design, a form that is linked or associated with another form, typically used to display related records or data.