At the Beginning of 2014, Mark's Sales Had the Following

question 87

Multiple Choice

At the beginning of 2014, Mark's sales had the following ledger balances: During the year there were $450 000 of credit sales, $460 000 of collections, and $3 700 of write- offs. At the end of the year, Mark's adjusted for Bad debts expense using the ageing- of- accounts method, and calculated an amount of $1 600 as their estimate of bad debts. At the end of the year, what was the balance in the Bad debts expense?

• A)$2 300
• B)$2 700
• C)$5 400
• D)$4 300

---

Definitions:

Semiconservative Replication

Describes the process of DNA replication in which one strand of each copy of a DNA molecule is new, and the other is a strand of the original DNA.

S Cell Extract

A solution derived from cells known as 'S cells,' often used in scientific research.

DNA-degrading Enzymes

Enzymes that break down DNA molecules into smaller components, utilized in various biological and research processes.

Rosalind Franklin

A key figure in understanding the molecular structures of DNA, RNA, viruses, coal, and graphite.