The Following Information Is from the 2019 Records of Uptown

question 149

Multiple Choice

The following information is from the 2019 records of Uptown Antique Shop: $$\begin{array} { | l | l | } \hline \text { Accounts receivable, December 31, 2019 } & \$ 44,000 \text { (debit) } \\\hline \text { Allowance for Bad Debts, December 31,2019 prior to adjustment } & 1500 \text { (debit) } \\\hline \text { Net credit sales for 2019 } & 180,000 \\\hline \text { Accounts written off as uncollectible during 2019 } & 13,000 \\\hline \text { Cash sales during 2019 } & 27,000 \\\hline\end{array}$$ Bad debts expense is estimated by the percent-of-sales method.Management estimates that 4% of net credit sales will be uncollectible.The ending balance of the Allowance for Bad Debts account after adjustment will be ________.

• A) $8700
• B) $6780
• C) $9780
• D) $5700

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Definitions:

Androgynous

Exhibiting both traditionally masculine and feminine qualities; in psychology, it refers to a person who does not fit neatly into the typical gender roles of their society.

Biological Sex

The classification of living things, typically as male or female, based on their reproductive anatomy and functions.

Sexual Orientation

The direction of an individual's sexual attraction towards the same gender, opposite gender, both, or neither, often influenced by biological, psychological, and environmental factors.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attraction to persons of the opposite sex, same sex, both sexes, or more than one gender, not necessarily aligned with sexual behavior.