A Company Has Total Accounts Receivable of $500,000 at Year-End

question 93

Multiple Choice

A company has total accounts receivable of $500,000 at year-end.It estimates that uncollectible accounts will be 3% of accounts receivable.If Allowance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit balance of

• A)$17,000.
• B)$13,000.
• C)$14,940.
• D)$15,000.

---

Definitions:

Sleep

A natural, reversible state of rest for the mind and body, essential for health and cognition.

Developing Embryo

Describes the early stage of fetal development post-conception, characterized by rapid cellular division and differentiation.

Genetically Male

Terms pertaining to individuals with an XY chromosome pair, determining male biological sex.

Identical Stem Cells

Cells that are genetically identical and have the potential to develop into any type of cell in the body, used in various medical treatments and research.