At December 31,Gill Co

question 128

Multiple Choice

At December 31,Gill Co.reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) .An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable.The amount of the adjustment for uncollectible accounts would be:

• A)$6,540.
• B)$7,800.
• C)$7,140.
• D)$7,740.

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Definitions:

Behavior Trait

A consistent pattern of behavior, thoughts, or emotions that distinguish one individual from another.

Unconsciously Motivated

Actions or behaviors that originate from desires or impulses outside an individual's conscious awareness.

Positive Psychology

A branch of psychology focusing on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

Humanistic Psychology

A psychological perspective that emphasizes individual potential for growth and the importance of human values, creativity, and self-fulfillment.