The Following Information Is from the 2019 Records of Albert

question 141

Multiple Choice

The following information is from the 2019 records of Albert Book Shop: $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Accounts receivable, December 31, 2019 } \\\text { Allowance for Bad Debts, December 31,2019 } \\\text { prior to adjustment }\end{array} & 2,000 \text { (debit) } \\\hline \text { Net credit sales for 2019 } & 179,000 \\\hline \begin{array} { l } \text { Accounts written off as uncollectible during } \\2017\end{array} & 17,000 \\\hline \text { Cash sales during 2019 } & 29,000 \\\hline\end{array}$$ Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,100 of accounts receivable will be uncollectible. Calculate the amount of bad debts expense for 2019.

• A) $6,900
• B) $7,100
• C) $3,100
• D) $5,350

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Definitions:

Runout Tolerances

Specifies the limits within which the variation of a surface's location and the feature's circularity must be contained as it rotates around a datum axis.

Datum Feature

A physical feature of a part that acts as a reference for measurement and geometry during machining or inspection processes.

RFS

Requirement for the feature size; a specification in geometric tolerancing where size is a factor.

Runout Tolerance

A type of geometric tolerance that controls the variation of a feature's surface as it rotates about a datum axis.