Using the Percentage of Net Sales Method, Uncollectible Accounts Expense

question 166

Multiple Choice

Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $54,000. If the balance of the Allowance for Uncollectible Accounts is an $18,000 credit before adjustment, what is the balance after adjustment?

• A) $72,000
• B) $38,000
• C) $54,000
• D) $18,000

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Definitions:

Psychopathology

The scientific study of psychological disorders, including their symptoms, etiology (causes), and treatment.

Self-esteem

An individual's overall subjective emotional evaluation of their own worth.

Self-conscious Emotion

Emotions that involve reflection on oneself, such as embarrassment, pride, shame, and guilt.

Self-esteem

An individual's subjective evaluation of their own worth or value.