Use This Information to Answer the Following Question

question 110

Multiple Choice

Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000.Allowance for Uncollectible Accounts has a credit balance of $1,000.Net sales for the year were $500,000.In the past,2 percent of sales have proved uncollectible,and an aging of accounts receivable accounts results in an estimate of $13,500 of uncollectible accounts.
-Using the percentage of net sales method,Uncollectible Accounts Expense would be debited for

• A)$9,000.
• B)$11,000.
• C)$1,000.
• D)$10,000.

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Definitions:

Soil Moisture

The amount of water present within the soil, crucial for plant growth and agricultural planning.

Farmers Create

The process by which agricultural professionals cultivate crops and rear livestock, contributing to food production and land management.

Trawler

A fishing vessel designed to drag nets through water to collect fish or seafood.

Environmental Damage

Harm caused to the natural environment, often due to human activities, leading to degradation of ecosystems and loss of biodiversity.