The Following Information Is from the 2013 Records of Armadillo

question 5

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 amount of Net accounts receivable after adjustment?

• A) $17,750
• B) $17,150
• C) $16,550
• D) $13,000

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Definitions:

Fixated

A psychological condition or state where an individual becomes obsessively focused on an attachment to a person, object, or idea.

Potential Threats

Possible dangers or risks that have not yet occurred but could lead to negative consequences in the future.

OCD

Obsessive-Compulsive Disorder, a mental health disorder characterized by repetitive, unwanted thoughts (obsessions) and behaviors (compulsions).

PTSD

Post-Traumatic Stress Disorder is a psychological condition initiated by the experience or observation of a distressing event.