An Aging-Of-Accounts-Receivable Indicates That the Amount of Uncollectible Accounts Is

question 3

Multiple Choice

An aging-of-accounts-receivable indicates that the amount of uncollectible accounts is $3,210.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $200.The Accounts Receivable balance is $44,320.The amount of the adjusting entry for uncollectible accounts should be for:

• A)$200
• B)$3,010
• C)$3,210
• D)$3,410

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Definitions:

Marginal Utility

The additional satisfaction gained from consuming one more unit of a good or service.

Market Basket

A set of goods and services used to represent what is consumed by a typical consumer for the purpose of measuring inflation or cost of living.

Utility Maximization

The process by which individuals allocate their resources to obtain the highest possible level of satisfaction or utility, subject to their budget constraint.

Marginal Utility

The change in total utility obtained by consuming one additional unit of a good or service.