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

question 122

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:

Phonemes

The smallest units of sound in a language that can distinguish one word from another.

Morphemes

The tiniest units of grammar in a language that have semantic value.

Structured

A methodical or organized approach designed to achieve a specific objective or to facilitate processes and activities.

Psychodynamic Theory

A psychological perspective that emphasizes unconscious processes and childhood experiences in shaping behaviors and personalities.