Using the Percentage-Of-Sales Method, You Estimate That Total Uncollectible Accounts

question 73

Multiple Choice

Using the percentage-of-sales method, you estimate that total uncollectible accounts is $5,875. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,635. The amount of the adjusting entry for uncollectible accounts expense is:

• A) $2,635.
• B) $3,240.
• C) $5,875.
• D) $8,510.

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Definitions:

Coerces

To compel or force someone to do something by using pressure, threats, or intimidation, often implying a lack of free will or choice.

Mechanical Society

A term from Émile Durkheim describing traditional societies where social cohesion and integration come from the homogeneity of individuals’ beliefs, values, and practices.

Organic Society

A concept in sociology describing a type of society that functions like a biological organism, with various segments working together towards the functionality and stability of the whole.

Dynamic Density

An concept in sociology that refers to the amount of interaction between individuals within a given space, suggesting that increased interaction leads to social change.