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:

Classification

The process of arranging or organizing items into categories based on their similarities or differences.

Identical Alleles

Identical alleles are two or more alleles of a gene that have the same DNA sequence and thus code for the same trait or characteristic in an organism.

Sister Chromatids

Identical copies of a chromosome connected by a centromere, formed during the S phase of cell division and eventually separated into daughter cells.

Original Chromosome

Refers to the initial form and structure of a chromosome before any genetic alterations, mutations, or replication processes.