A Newly Created Design Business Called Smart Art Is Just

question 128

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 credit sales of $36,000. One account for $650 was written off. Smart Art uses the aging method to account for uncollectible account expense. It has estimated $200 as uncollectible at year-end. At the end of the year, what is the ending balance in the Bad Debts Expense account?

• A)$1,150
• B)$800
• C)$200
• D)$850

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Definitions:

L-Glutamic Acid

An amino acid used in protein synthesis and is important in cellular metabolism, neurotransmission, and as a flavor enhancer in food.

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14, where 7 is neutral, lower values are acidic, and higher values are basic.

Glutamine

An amino acid that is used in the biosynthesis of proteins, playing a key role in nitrogen metabolism.

Aqueous Solution

A solution where water acts as the solvent.