The Data Below Is for Music Corporation for 2016 -Refer to the Data for Music Corporation

question 49

Multiple Choice

The data below is for Music Corporation for 2016. $$\begin{array} { l r } \text { Accounts receivable-January 1, 2016 } & \$ 236,000 \\\text { Credit sales during 2016 } & 820,000 \\\text { Collections from credit customers during 2016 } & 590,000 \\\text { Customer accounts written off as uncoll ectible during 2016 } & 8,000 \\\text { All owance for doubtful accounts-January 1, 2016 } & 8,700 \\\text { Estimated uncollectible accounts based on an aging analysis } & 9,600\end{array}$$
-Refer to the data for Music Corporation. If the aging approach is used to estimate bad debts, what is the balance in the Allowance for Doubtful Accounts after the bad debt expense adjustment?

• A) $8,000
• B) $8,100
• C) $8,900
• D) $9,600

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Definitions:

Critical Population Density

The threshold of population size beyond which a specific area's resources could not sustainably support life, leading to environmental degradation or population decline.

Gene Pool

The complete set of genetic information in the breeding population of a particular species, representing the variety of genes available.

Inbreeding

The breeding of closely related individuals, which can increase the risk of offspring inheriting genetic defects or diseases.

Outbreeding

The practice of mating organisms that are not closely related, which is often used to increase genetic diversity within a population.