Allowance for Doubtful Accounts Has an Unadjusted Balance of $500

question 6

Multiple Choice

Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year,and uncollectible accounts expense is estimated at 1% of net sales.If net sales are $950,000,the amount of the adjustment to record the provision for doubtful accounts is:

• A)$9,500.
• B)$500.
• C)$8,500.
• D)$9,000.

---

Definitions:

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, and health.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Turbine Manufacturing

The industrial production of turbines, which are rotary mechanical devices that extract energy from a fluid flow and convert it into useful work.

Infrastructure

The basic physical and organizational structures and facilities, such as buildings, roads, and power supplies, essential for the functioning of a society or business.