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Use the following to answer questions 14 The general ledger controlling account for Accounts Receivable shows a debit balance of a Uhollectible Accounts has a credit balance of $1.500. Net sales for the year were $250,000. sales has proved collective, and an aging of Accounts Receivable resulted in an estimate of so, alance of $1,500. Net sales for the year were $250,000. In the past, 3 puu collectible counts receivable Accounts Receivable resulted in an estimate of $10,000 of 1. Using the percentage of net sales method, Uncollectible Accounts Expense would be debited for A) 57.500 B) 510,000 O $5,000 D) $9,000 2. Uwing the percentage of net sales method, the Allowance for Uncollectible Account balance (after dustment) would be A) $6,000 B) $10,000 C 57,500 D) $9,000 wing the accounts receivable aging method, the Uncollectible Accounts Expense would be debited for A) $11,500 B) $10,750 C) $10,000 D) $8,500 Punts receivable aging method, the Allowance for Uncollectible Accounts balance (after 4. Using the accounts receivable aging m adjustment) would be A) $11,500. B) $10,750. C) $8,500. D) $10,000. You have just received notice that Sarah Koonce, a customer of yours with an Accounts Receivabl of $200, has gone bankrupt and will not be making any future payments. Assuming you use the au method, the entry you make is to A) debit Allowance for Uncollectible Accounts and credit Accounts Receivable. B) debit Uncollectible Accounts Expense and credit Accounts Receivable. C) debit Allowance for Uncollectible Accounts and credit Unicollectible Accounts Expense. D) debit Uncollectible Accounts Expense and credit Allowance for Uncollectible Accounts 0. Using the percentage of net sales method, uncollectible accounts expense for the year is estim $34,000. If the balance in Allowance for Uncollectible Accounts is an $18,000 credit before is the balance after adjustment? A) $18,000 B) $54,000 C) $72,000 D) $38,000 Page 1 Use the following to answer questions 14 The general ledger controlling account for Accounts Receivable shows a debit balance of a Uhollectible Accounts has a credit balance of $1.500. Net sales for the year were $250,000. sales has proved collective, and an aging of Accounts Receivable resulted in an estimate of so, alance of $1,500. Net sales for the year were $250,000. In the past, 3 puu collectible counts receivable Accounts Receivable resulted in an estimate of $10,000 of 1. Using the percentage of net sales method, Uncollectible Accounts Expense would be debited for A) 57.500 B) 510,000 O $5,000 D) $9,000 2. Uwing the percentage of net sales method, the Allowance for Uncollectible Account balance (after dustment) would be A) $6,000 B) $10,000 C 57,500 D) $9,000 wing the accounts receivable aging method, the Uncollectible Accounts Expense would be debited for A) $11,500 B) $10,750 C) $10,000 D) $8,500 Punts receivable aging method, the Allowance for Uncollectible Accounts balance (after 4. Using the accounts receivable aging m adjustment) would be A) $11,500. B) $10,750. C) $8,500. D) $10,000. You have just received notice that Sarah Koonce, a customer of yours with an Accounts Receivabl of $200, has gone bankrupt and will not be making any future payments. Assuming you use the au method, the entry you make is to A) debit Allowance for Uncollectible Accounts and credit Accounts Receivable. B) debit Uncollectible Accounts Expense and credit Accounts Receivable. C) debit Allowance for Uncollectible Accounts and credit Unicollectible Accounts Expense. D) debit Uncollectible Accounts Expense and credit Allowance for Uncollectible Accounts 0. Using the percentage of net sales method, uncollectible accounts expense for the year is estim $34,000. If the balance in Allowance for Uncollectible Accounts is an $18,000 credit before is the balance after adjustment? A) $18,000 B) $54,000 C) $72,000 D) $38,000 Page 1

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