Charlton Sales Has a Receivable for $92 That They Now

question 98

Multiple Choice

Charlton Sales has a receivable for $92 that they now deem to be uncollectible.Charlton uses the direct write-off method.Which of the following entries correctly records the write-off?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Uncollectible accounts expense } & 92 & \\
• \hline \text { Accounts receivable } & & 92 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 92 & \\
• \hline \text { Accounts receivable } & & 92 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Allowance for uncollectible accounts } & 92 & \\
• \hline \text { Accounts receivable } & & 92 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts receivable } & 92 & \\
• \hline \text { Uncollectible accounts expense } & & 92 \\
• \hline
• \end{array}\]

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Definitions:

Burial

In geology, this refers to the process of layering sediments on top of each other, which can lead to the formation of sedimentary rocks or the fossilization of organisms.

Compaction

Process by which soil, sediment, and volcanic materials lose pore space in response to the weight of overlying material.

Cementation

The precipitation of a binding material (the cement) around grains in sedimentary rocks.

Rock Types

Rock types are classifications of rocks based on their genesis, including three main categories: igneous, sedimentary, and metamorphic.