The General Ledger Account for Accounts Receivable Shows a Debit

question 111

Multiple Choice

The general ledger account for Accounts Receivable shows a debit balance of $50,000.Allowance for Uncollectible Accounts has a credit balance of $3,000.Net sales for the year were $500,000.In the past,3 percent of sales have proved uncollectible,and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable.
-Using the percentage of net sales method,the Allowance for Uncollectible Accounts balance (after adjustment) would be

• A)$12,000.
• B)$15,000.
• C)$18,000.
• D)$20,000.

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Definitions:

Desire For Offspring

The intrinsic or extrinsic motivation to have and raise children.

Relationships

Connections or interactions between individuals, either through personal bonds, social structures, or professional affiliations.

Secure Attachment Style

A pattern of attachment in which individuals feel comfortable with intimacy and autonomy, generally resulting from a history of warm and responsive interactions in close relationships.

Strange Situation

A controlled experiment developed by Mary Ainsworth to assess patterns of attachment in children through a series of introductions, separations, and reunions with their caregiver.