Use This Information to Answer the Following Question

question 88

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,the Allowance for Uncollectible Accounts balance (after adjustment) would be

• A)$8,880.
• B)$9,880.
• C)$10,880.
• D)$1,000.

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Definitions:

Upper Thigh Flexed

A position or movement where the muscles of the upper leg are contracted, drawing the leg closer to the body.

Differential Diagnosis

The process of determining the correct diagnosis when two or more diagnoses are possible.

Lithotomy

A medical procedure or position used during childbirth or certain surgeries, where the patient lies on their back with the hips and knees flexed and the thighs apart.

Stirrups

Support structures or loops for holding the feet of a rider, attached to the saddle in horse riding, or devices used in medical examinations to support patient's legs.