Figure 2-2 in the Accompanying Figure, the Criterion for Current

question 9

Multiple Choice

Figure 2-2 In the accompanying figure, the criterion for Current Due is 0. To find all clients whose current due amount is greater than $10,000.00, erase the 0 and enter _____ in the Criteria row of the Current Due column.

• A)> 10000
• B)> $10000
• C)> 10,000
• D)> $10,000

---

Definitions:

Write Offs

Financial accounting action where the value of an asset is declared worthless, removing it from balance sheet accounts due to loss or impairment.

Uncollectible Accounts

Accounts receivable that a business does not expect to collect and writes off as a loss.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.