A Newly Created Design Business Called Smart Art Is Just

question 155

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the aging method to account for uncollectible account expense,and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end.
-At the end of the year,what is the ending balance in the Allowance for uncollectible accounts?

• A) $150
• B) $800
• C) $200
• D) $1,450

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Definitions:

Transcription Factors

Proteins involved in the process of converting, or transcribing, DNA into RNA, playing critical roles in regulating gene expression.

Segmentation Genes

In Drosophila, genes transcribed in the embryo that are responsible for generating a repeating pattern of body segments within the embryo and adult fly.

Genetic Switches

Genetic switches are molecular mechanisms that can activate or deactivate genes, thereby controlling patterns of gene expression.

Tissue-Specific Gene

A gene that is expressed in particular tissues of an organism rather than in all tissues, often contributing to the specialized functions of that tissue.