After the December 31,2019 Adjusting Journal Entries Have Been Posted,Sinclair

question 6

Multiple Choice

After the December 31,2019 adjusting journal entries have been posted,Sinclair Enterprises has the following account balances (all accounts have normal balances) : $$\begin{array} { | l | l | } \hline \text { Account Title } & \text { Account Balance } \\\hline \text { Accounts Receivable } & \$ 154,000 \\\hline \text { Allowance for Bad Debts } & \$ 4700 \\\hline \text { Bad Debts Expense } & \$ 8000 \\\hline\end{array}$$ What is the net realizable as of December 21,2019?

• A) $158,700
• B) $146,000
• C) $141,300
• D) $149,300

---

Definitions:

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

Frederick Douglass

An African American social reformer, abolitionist, orator, writer, and statesman in the 19th century, who escaped from slavery.

John Brown

An American abolitionist leader known for his role in the Bleeding Kansas conflict and his raid on Harpers Ferry, aiming to initiate a slave rebellion.

American Identity

The collective understanding of what it means to be American, characterized by shared values, traditions, and beliefs that define the national character of the United States.