The Data Presented Below Is for Mellon Corporation for the Year

question 3

Multiple Choice

The data presented below is for Mellon Corporation for the year ended December 31, 2016: $\begin{array}{lr}\text { Sales (100\% on credit) } & \$ 1,500,000 \\\text { Sales returns } & 60,000 \\\text { Accounts Receivable (December 31, 2016) } & 250,000 \\\text { Allowance for Doubtful Accounts [Credit B al ance] (Before adjustment at December } & \\31,2016 &3,000 \\\text { Estimated amount of uncollectible accounts based on an aging analysis }&31,000\\\end{array}$
-Refer to information for Mellon Corporation. If Mellon uses 2% of net credit sales to estimate its bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?

• A) $33,000
• B) $31,800
• C) $27,000
• D) $25,800

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Definitions:

Cervical

Relating to the cervix, which is the lower, narrow part of the uterus that opens into the vagina.

Endometrial

Refers to the inner lining of the uterus, which thickens during the menstrual cycle in preparation for possible implantation of an embryo.

Enhancing

Refers to improving or increasing in quality, value, or attractiveness.

Sexual Capacities

The capabilities or levels of performance and function in sexual activities.