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.

---

Definitions:

Korsakoff Syndrome

A chronic memory disorder primarily caused by severe deficiency of thiamine (vitamin B1), often associated with prolonged alcoholism.

Defensive Coping

A psychological strategy wherein individuals deal with stress or adversity by minimizing its perceived threat or impact to avoid confronting the actual issue.

Self-Deception

The psychological process of denying or rationalizing away the relevance, significance, or truth of contrary evidence or logical argument.

Confrontation

A direct engagement or encounter between parties with conflicting views or goals, often aiming to resolve disagreement.