Use This Information to Answer the Following Question

question 55

Multiple Choice

Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $1,000. Net sales for the year were $500,000. In the past, 2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an estimate of $13,500 of uncollectible accounts.
Using the accounts receivable aging method, the Allowance for Uncollectible Accounts balance (after adjustment) would be

• A) $14,500.
• B) $14,000.
• C) $13,500.
• D) $12,500.

---

Definitions:

Sequence

An ordered collection of objects or values where each item is identifiable by its position within the collection.

Selection

A programming construct that allows for choosing between two or more paths of execution based on conditions.

Invocation

The act of calling or executing a procedure, function, or method in programming.

Iteration

Iteration refers to the process of repeating a set of instructions or steps in programming until a specific condition is met.