At the End of 2012,Murray State Lenders Had a Balance

question 33

Multiple Choice

At the end of 2012,Murray State Lenders had a balance in its Allowance for Uncollectible Accounts of $4,500 (debit) before any adjustment.The company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method.Murray State's adjustment on December 31,2012,to record its estimated uncollectible accounts included a:

• A)Credit to Allowance for Uncollectible Accounts of $12,000.
• B)Debit to Bad Debt Expense of $16,500.
• C)Credit to Allowance for Uncollectible Accounts of $16,500.
• D)Both b and c.

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Definitions:

Chronological Résumé

A type of resume that lists work experience and education in reverse chronological order, starting with the most recent.

Skills Résumé

A type of résumé format that emphasizes an individual's skills and abilities over chronological work history.

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Awards or recognitions received at a state fair, often for achievements in competitions ranging from agriculture to culinary arts.

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The unique image and identity that an individual builds and presents in a professional context.