A Newly Created Design Business Called Smart Art Is Just

question 81

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 Uncollectible account expense?

• A) $150
• B) $800
• C) $200
• D) $850

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Definitions:

Radioactive

Referring to materials or elements that emit radiation as a result of the decay of atomic nuclei.

Guaiac Test

A diagnostic screening tool used to detect the presence of occult (hidden) blood in stool, an indicator of various gastrointestinal disorders.

Gastrointestinal Bleeding

The loss of blood occurring within the gastrointestinal tract, which can manifest as vomit or stool appearing black or bloody.

Menstruating

The process of shedding the uterine lining, resulting in bleeding through the vagina, which typically occurs as part of the monthly menstrual cycle in human females.