The Following Information Is from the 2017 Records of Lane

question 61

Multiple Choice

The following information is from the 2017 records of Lane Bicycle Shop:

Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $6,000 of accounts receivable will be uncollectible.Calculate the ending balance of Allowance for Bad Debts,after the adjustment for bad debts expense,at December 31,2017.

• A)$5,400
• B)$9,000
• C)$8,000
• D)$6,000

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Definitions:

Plasmids

Small, circular, double-stranded DNA molecules found in bacteria and some other organisms, capable of independent replication and often used in genetic engineering.

Polymerase Chain Reaction

A laboratory technique used to amplify DNA sequences, making millions of copies of a specific DNA segment.

DNA Strands

The linear components of DNA, consisting of a chain of nucleotides that store genetic information, with DNA typically existing as a double-stranded helix.

Heat

The total amount of kinetic energy in a sample of a substance.