On December 31, Prior to Adjustment, Allowance for Doubtful Accounts

question 70

Multiple Choice

On December 31, prior to adjustment, Allowance for Doubtful Accounts has a debit balance of
$400. An analysis of the aging of the accounts receivable produces an estimate of $3,100 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is

• A)$3,100.
• B)$2,700.
• C)$3,500.
• D)$400.

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Definitions:

Hypothetical Variable

A variable conceived by researchers to explain behaviors observed in their studies, but not directly observable or measurable itself.

Dependent Variable

A measurable outcome or effect in an experiment that is influenced by changes in the independent variable.

Independent Variable

the variable that is manipulated or changed in an experiment to explore its effects on the dependent variable.

Control Group

A collection of individuals in a study who do not undergo the experimental intervention, serving as a comparison point to evaluate the performance of participants who do.