Allowance for Doubtful Accounts Has an Unadjusted Balance of $800

question 36

Multiple Choice

Allowance for Doubtful Accounts has an unadjusted balance of $800 at the end of the year,and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000.Which of the following records the proper provision for doubtful accounts?

• A)Increase Uncollectible Accounts Expense,$800;increase Allowance for Doubtful Accounts,$800
• B)Increase Uncollectiable Accounts Expense $15,000;increase Allowance for Doubtful Accounts,$15,000
• C)Increase Uncollectible Accounts Expense,$14,200;increase Allowance for Doubtful Accounts,$14,200
• D)Increase Uncollectible Accounts Expense,$15,800;increase Allowance for Doubtful Accounts,$15,800

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Definitions:

Vitamin A

A fat-soluble vitamin essential for growth, immune function, eye health, and skin maintenance.

Retinex Theory

A theory explaining color vision based on the processing of visual information as a way of estimating the colors and brightness of objects under different lighting conditions.

Apparent Color

The color of an object as it is perceived by the human eye, which can differ under varying lighting conditions.

Fovea

A small depression in the retina where visual acuity is highest, due to the high density of cones (photoreceptor cells responsible for color vision).