Prior to Year-End Adjusting Entries,what Would Explain the Allowance for Uncollectible

question 61

Multiple Choice

Prior to year-end adjusting entries,what would explain the Allowance for Uncollectible Accounts having a debit balance?

• A)The amount of cash collections from customers in the current year was less the amount of cash collections from customers in the prior year.
• B)The amount of actual uncollectible accounts in the current year was less than the estimate of uncollectible accounts made at the end of the prior year.
• C)The amount of credit sales in the current year was greater than the amount of credit sales made in the prior year.
• D)The amount of actual uncollectible accounts in the current year was greater than the estimate of uncollectible accounts made at the end of the prior year.

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a reflexive response without the need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response in classical conditioning.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.

Conditioned Response

A conditioned response is a learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.