Dean Art Is a New Business

question 92

Multiple Choice

Dean Art is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $34,000.One account,$725,was written off.Management uses the aging-of-receivables method to account for bad debts expense and estimated $500 as uncollectible at year end.The ending balance of the Allowance for Bad Debts is ________.

• A)$505
• B)$1,230
• C)$1,225
• D)$500

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Definitions:

Prefrontal Cortex

The frontal part of the brain involved in decision making, cognitive behavior, personality expression, and moderating social behavior.

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Educational or care programs that are based on understanding and meeting the needs, interests, and abilities of children.

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The process of finding or creating innovative concepts, solutions, or insights that were previously unknown.

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