Gross accounts receivable is $12,000. allowance for doubtful accounts has a credit balance of $600. net sales for the year are $100,000. in the past, 2% of sales had proved uncollectible, and an aging of the receivables indicates $1,900 as uncollectible. what would be the adjusted balance of the allowance account under the balance sheet approach? a. $2,000 b. $1,400 c. $2,500 d. $1,900

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?