Music Corporation
the Data Below Are for Music Corporation for 2017

question 58

Multiple Choice

Music Corporation
The data below are for Music Corporation for 2017.
?
$$\begin{array} { l r } \text { Accounts receivable-January 1,2017 } & \$ 236,000 \\\text { Credit sales during 2017 } & 820,000 \\\text { Collections from credit customers during 2017 } & 590,000 \\\text { Customer accounts written off as uncollectible during 2017 } & 8,000 \\\text { Allowance for doubtful accounts -January 1, 2017 } & 8,700 \\\text { Estimated uncollectible accounts based on an aging analysis } & 9,600\end{array}$$
-Refer to the data for Music Corporation. What is the balance of Accounts Receivable at December 31,2017?

• A)$336,000
• B)$448,400
• C)$458,000
• D)$466,000

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Definitions:

Development Methodology

A structured framework used during the process of software development to plan, control, and manage the creation of a system or application.

Sampling

A process in statistics that involves selecting a subset of individuals from a population to estimate characteristics of the whole group.

Analog Sound Waves

Continuous sound signals that vary in amplitude and frequency, representing audio in a form analogous to its original waveforms.

Digital Sound

Digital sound refers to audio signals that have been converted into a digital format, allowing for the storage, manipulation, and playback of sound using digital technology.