A Newly Created Design Business Called Smart Art Is Just

question 135

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the percent-of-sales method to account for uncollectible account expense,and has decided to use a factor of 2% for their year-end adjustment of uncollectible account expense.
-At the end of the year,what is the ending balance in Accounts receivable?

• A) $4,000
• B) $36,000
• C) $3,350
• D) $39,350

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Definitions:

Video Card

An expansion card for a computer that generates and outputs images to a display.

Circuit Board

An essential hardware component consisting of conductive tracks, pads, and other features etched from copper sheets and laminated onto a non-conductive substrate, used to support and connect electronic components.

Image Signals

Digital or analog signals representing visual information, typically used in the processing or transmission of images.

Web App

A software application hosted on a distant server and accessed via the internet using a web browser.