At December 31,Tremble Music Had Account Balances in Accounts Receivable

question 115

Multiple Choice

At December 31,Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit) before any adjustments.An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected.The balance of Allowance for Uncollectible Accounts after adjustment will be:

• A)$1,000.
• B)$15,000.
• C)$16,000.

---

Definitions:

Housing Segregation

The division of housing based on racial, economic, or other discriminatory factors, often resulting in unequal living conditions and communities.

Enforcement Mechanisms

Tools or methods used by regulatory agencies, organizations, or governments to ensure compliance with laws, regulations, or agreements.

School Desegregation

The process of eliminating racial segregation in schools, often through legal and social efforts, to ensure equal educational opportunities for all races.

Federal Court Orders

Judicial mandates issued by a federal court to enforce a legal right or redress a legal wrong.