Table 9-1
Ringo Company Had the Following Information Relating to Net

question 3

Multiple Choice

Table 9-1
Ringo Company had the following information relating to net credit sales for 2019:
$$\begin{array} { | c | r | c | } \hline \text { Accounts receivable, Jan. 1, 2019 } & \$ 18,000 & \text { Dr. } \\\hline \text { Allowance for doubtful accounts, } & & \\\text { Dec. 31, 2019, prior to adjustment } & 600 & \mathrm { Cr } . \\\hline \text { Net credit sales during 2019 } & 95,000 & \\\hline \text { Collections on account during 2019 } & 87,000 & \\\hline \text { Cash sales during } 2019 & 27,000 & \\\hline\end{array}$$
-Referring to Table 9-1, if uncollectible accounts are determined by the aging of receivables to be $3,450, the amount of net accounts receivable after adjusting entries for 2019 would be:

• A)$13,950.
• B)$15,150.
• C)$17,400.
• D)$22,550.

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Definitions:

Adolescence

The phase of both physical and psychological growth that typically happens between puberty and reaching the age of legal majority.

Social Attitudes

The general feelings, beliefs, and behavior dispositions directed towards people, groups, or ideas within a society.

Superego

The part of the personality in Freudian psychoanalysis that represents internalized ideals and provides standards for judgment.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions such as anxiety, anger, or depression, more frequently and intensely than others.