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

question 22

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 aging method,and calculated an amount of $1,600 as their estimate of uncollectible accounts.
-At the end of the year,what was the balance in the Uncollectible account expense?

• A) $2,300
• B) $5,400
• C) $4,300
• D) $2,700

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Definitions:

High Resistances

Refers to elevated levels of electrical resistance within circuits, which can lead to reduced current flow, inefficiencies, and potential overheating.

Voltage Drop Testing

A diagnostic method used to locate resistance or issues in an electrical circuit by measuring the voltage loss between two points under a load condition.

Ohmmeter

An electrical instrument used to measure the resistance of a component or circuit, aiding in troubleshooting and electrical work.

Field Coils

Used in electric motors and other electrical devices to flow current through to establish an electromagnetic field.