Uptown, Inc $$\begin{array} { | c | r | r | } \hline \text { Bad Debts Expense } & 125 & \\\hline \text { Accounts Receivable } & & 125 \\\hline\end{array}$$

question 152

Multiple Choice

Uptown, Inc. has determined that an account receivable of $125 is uncollectible. The company uses the direct write-off method. Which of the following entries is required to record the write-off?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Bad Debts Expense } & 125 & \\
• \hline \text { Accounts Receivable } & & 125 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 125 & \\
• \hline \text { Accounts Receivable } & & 125 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Allowance for Bad Debts } & 125 & \\
• \hline \text { Accounts Receivable } & & 125 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 125 & \\
• \hline \text { Bad Debts Expense } & & 125 \\
• \hline
• \end{array}\]

Understand the impact of changes in prices and income on consumer choices as reflected by movements along and shifts in the budget line.

Assess the relationship between economic measures such as GDP per capita and non-economic factors on consumer happiness and satisfaction.

Understand the basic definitions and characteristics of different business organizations like sole proprietorships, partnerships, and corporations.

Identify the legal documents and regulatory requirements needed to establish different forms of business organizations.

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Definitions:

Progress Notes

Chart entries made by a variety of methods and by all health care professionals involved in a client’s care for the purpose of describing a client’s problems, treatments, and progress toward desired outcomes.

Medication Administration Record (MAR)

A detailed report used in healthcare settings to document all drugs given to a patient.

Medical Record

A comprehensive document containing a patient’s health history, treatment plans, and medical interventions.

Written Care Plan

A detailed agreement documenting the management and treatment of a patient or resident, typically in a healthcare setting.