The Following Information Is from the 2013 Records of Armadillo

question 150

Multiple Choice

The following information is from the 2013 records of Armadillo Camera Shop: $$\begin{array} { | l | r | } \hline \text { Accounts receivable, December 31,2013 } & \$ 20,000 \text { (debit) } \\\hline \begin{array} { l } \text { Allowance for uncollectible accounts, December 31,2013 } \\\text { prior to adjustment }\end{array} & 600 \text { (debit) } \\\hline \text { Net credit sales for 2013 } & 95,000 \\\hline \text { Accounts written off as uncollectible during 2013 } & 7,000 \\\hline \text { Cash sales during 2013 } & 27,000 \\\hline\end{array}$$
- Uncollectible accounts expense is estimated by the aging-of-accounts-receivable method.Management estimates that $2,850 of accounts receivable will be uncollectible.Which of the following will be the balance of the Allowance for uncollectible accounts after adjustment?

• A) $2,850
• B) $3,450
• C) $7,000
• D) $2,250

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Definitions:

Strange Situation

A standardized procedure devised by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and child.

Ainsworth

An American-Canadian developmental psychologist known for her work in the development of attachment theory, famously through the "Strange Situation" assessment, which identifies patterns of attachment in young children.

Attachment

The strong, enduring, emotional bond between a child and its caregivers that some psychologists consider the basis for relationships later in life.

Moral Reasoning

The process of determining right and wrong in a given situation based on ethical principles and moral codes.