At the Beginning of 2014,Mark's Sales Had the Following Ledger

question 23

Multiple Choice

At the beginning of 2014,Mark's sales had the following ledger balances: During the year there were $450,000 of credit sales,$460,000 of collections,and $3,700 of write-offs.At the end of the year,Mark's adjusted for uncollectible account expense using the percent-of-sales method,and applied a rate,based on past history,of 1.2%
-At the end of the year,what was the balance in the Accounts receivable?

• A) $10,300
• B) $3,700
• C) $14,000
• D) $21,300

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Definitions:

Civil Rights

The rights of citizens to political and social freedom and equality, including protection from discrimination based on race, religion, gender, or ethnicity.

Lyndon Johnson

The 36th President of the United States, serving from 1963 to 1969, known for his domestic policies, including the “Great Society” legislation.

Poor Urban Neighborhoods

Areas within cities characterized by lower socioeconomic status, often facing issues like overcrowding, inadequate housing, and limited access to services.

March On Washington

Civil rights demonstration on August 28, 1963, where the Reverend Martin Luther King Jr. gave his “I Have a Dream” speech on the steps of the Lincoln Memorial.