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:

Organic Compounds

Chemical compounds that contain carbon and are found in living organisms, often forming the basis of chemistry related to life.

C-H Bond(s)

The chemical bond between a carbon atom and a hydrogen atom, fundamental to the structure of all organic molecules.

Electronegativity Difference

A measure of the ability of an atom in a molecule to attract electrons to itself compared to another atom.

H-Se Bonds

Bonds between hydrogen and selenium atoms, often found in organoselenium compounds and playing roles in some enzymes.