During 2016, a Company Wrote Off $7,500 in Uncollectible Accounts

question 149

Multiple Choice

During 2016, a company wrote off $7,500 in uncollectible accounts receivable. At the end of the year, bad debt expense was estimated using a percent of gross sales. In 2017, the company collected $1,500 from an account that was written off in 2016. Recording this collection would include

• A) a debit to Retained Earnings.
• B) a credit to Allowance for Doubtful Accounts.
• C) a decrease to gross receivables.
• D) an increase to net receivables.

Distinguish between different triggers and components of phobias beyond fear, such as disgust sensitivity.

Recognize the prevalence and impact of various anxiety disorders including social anxiety disorder and GAD.

Understand the relationship between worrying and physiological responses in the context of GAD.

Comprehend the link between childhood experiences and the development of certain anxiety disorders.

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Definitions:

Northern Soldiers

Refers to the soldiers from the Union states who fought in the American Civil War against the Confederate states of the South.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor or services.

Emancipation

The act of freeing someone from slavery or oppression; often refers to the abolition of slavery in the United States.

Emancipation Proclamation

A historic executive order issued by President Abraham Lincoln in 1863, declaring the freedom of all enslaved people in Confederate states during the American Civil War.