The Following Information Is from the 2015 Records of Armand

question 56

Multiple Choice

The following information is from the 2015 records of Armand Camera Shop: $$\begin{array} { | l | r | } \hline \text { Accounts Receivable, December 31,2015 } & \$ 40,000 \text { (debit) } \\\hline \begin{array} { l } \text { Allowance for Bad Debts, December 31,2015 } \\\text { prior to adjustment }\end{array} & 1,500 \text { (debit) } \\\hline \text { Net credit sales for 2015 } & 175,000 \\\hline \text { Accounts written off as uncollectible during 2015 } & 15,000 \\\hline \text { Cash sales during 2015 } & 27,000 \\\hline\end{array}$$ Bad debts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. The balance of the Allowance for Bad Debts after adjustment will be:

• A) $7,000.
• B) $3,450.
• C) $2,850.
• D) $3,750.

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Definitions:

Self-Pollination

A form of pollination where pollen from a flower fertilizes the ovules of the same flower or another flower on the same plant.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in four haploid daughter cells, crucial for sexual reproduction.

Apomixis

Apomixis is a form of asexual reproduction that allows a plant to produce seeds without fertilization by pollen, leading to offspring that are genetically identical to the parent plant.

Plant Propagation

Plant propagation is the process of creating new plants from a variety of sources, such as seeds, cuttings, and other plant parts.