Using the Percentage-Of-Sales Method,the Estimated Total Uncollectible Accounts Are $7,122

question 113

Multiple Choice

Using the percentage-of-sales method,the estimated total uncollectible accounts are $7,122.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $3,135.The Accounts Receivable balance is $44,820.The amount of the adjusting entry for Uncollectible-Accounts Expense is:

• A)$3,135.
• B)$3,987.
• C)$7,122.
• D)$10,257.

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Definitions:

Bolus Dose

A large dose of a substance given by injection into a vein over a short period of time.

Bacteriostatic SW

An abbreviation for Bacteriostatic Saline Water, a type of sterile water containing an antimicrobial agent, used to dilute medications for injection.

Leucovorin

A medication used to decrease the toxic effects of high-dose methotrexate treatment in cancer therapy, and as an antidote to folic acid antagonists.