Using the Percentage-Of-Sales Method,you Estimate That Total Uncollectible Accounts Is

question 180

Multiple Choice

Using the percentage-of-sales method,you estimate that total uncollectible accounts is $6,322.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,635.The Accounts Receivable balance is $44,320.The amount of the adjusting entry for Uncollectible-Accounts Expense is:

• A)$2,635.
• B)$3,687.
• C)$6,322.
• D)$8,957.

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Definitions:

Gestalt Law

Principles of perception that suggest humans naturally perceive objects as organized patterns and wholes rather than as separate components.

Figure-ground

A visual perception principle that describes how people differentiate an object (figure) from its surrounding area (ground).

Closure

A psychological term referring to the need for an individual to seek a resolution or an understanding to a traumatic or unsettling event or experience.

Brightness Constancy

The human visual system's ability to perceive the brightness of an object as the same under varying lighting conditions.