A-One Construction the Following Data Are from the Company's Records

question 33

Multiple Choice

A-One Construction The following data are from the company's records for 2012:
$\begin{array}{l} \text { Accounts Re ceivable-January 1,2012 } &\$ 455,000 \\ \text {Credit sales during 2012 } &900,000 \\ \text { Collections from cre dit customers duing 2012 } &825,000 \\ \text {Customer ac counts written off as uncollected duing 2012 } &15,000 \\ \text { Allowance for Doubtful Accounts } &\\ \text { (After write-off of uncollected accounts) } &2,100 \\ \text { Estimated uncollected accounts based on an aging analysis } &29,200\end{array}$
-Refer to A-One Construction.What is the balance of Accounts Receivable at December 31,2012?

• A)$545,000
• B)$440,000
• C)$515,000
• D)$530,000

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Definitions:

Oxidized

A chemical process where a substance loses electrons or gains oxygen, often resulting in a change in properties like increased rusting in metals or browning in fruits.

Reduced

In chemistry, describes a species that has gained electrons during a reaction, often associated with a decrease in oxidation state.

Neutralization

A chemical reaction in which an acid and a base react quantitatively to form water and a salt.

Reduction-Oxidation

A chemical reaction in which the oxidation states of atoms are changed, typically involving the transfer of electrons.