The Following Information Is from the 2017 Records of Lane

question 162

Multiple Choice

The following information is from the 2017 records of Lane Bicycle Shop: $\begin{array}{|l|c|}\hline\text { Accounts receivable, December 31, 2017 } & \$ 40,000 \text { (debit) } \\\hline\text { Allowance for Bad Debts, December 31,2017 } \\\text { prior to adjustment }& 1,900 \text { (debit) }\\\hline\text { Net credit sales for } 2017 & 177,000 \\\hline \text { Accounts written off as uncollectible during } \\2017& 18,000 \\\hline\text { Cash sales during } 2017& 27,000\\\hline\end{array}$ Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $5,000 of accounts receivable will be uncollectible.Calculate the ending balance of Allowance for Bad Debts,after the adjustment for bad debts expense,at December 31,2017.

• A)$5,310
• B)$8,800
• C)$9,000
• D)$5,000

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Definitions:

Peer Recognition Programs

Formal programs in which employees can publicly acknowledge, recognize, and reward their co-workers for exceptional work and performance.

Behaviour Modelling Training

A method of training that involves observing and replicating the behaviors of others in order to learn new skills or behaviors.

Strategic Priority

A focus or activity that an organization identifies as most important to achieve its long-term goals.

Psychological Capital

A construct that encompasses an individual's positive psychological state of development, characterized by self-efficacy, optimism, hope, and resilience.