A Company Has Net Credit Sales of $700,000 for the Year

question 35

Multiple Choice

A company has net credit sales of $700,000 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)$14,000.
• B)$15,000.
• C)$13,980.
• D)$13,000.

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Definitions:

Persuasive Messages

Communications aimed at influencing the attitudes, beliefs, or behaviors of the receiver.

Facts

Statements or pieces of information that are true and can be verified.

Work Plan

A detailed outline of the steps, activities, resources, and schedule needed to achieve the objectives of a project or initiative.

Follow-up

An action taken to ensure a previous communication has been understood or to check the status of a situation or agreement.