The Beginning Credit Balance in the Allowance for Doubtful Accounts

question 49

Multiple Choice

The beginning credit balance in the allowance for doubtful accounts is $12,656 and the ending credit balance is $14,348.If bad debt expense was $3,879,which of the following statements is true?

• A)The allowance account was retroactively debited $2,187 for additional bad debts that became apparent in a future time period.
• B)The allowance account was debited $2,187 for write-offs of actual bad debts.
• C)The allowance account was credited $2,187 for recoveries of bad debts.
• D)The allowance account was credited $2,187 for the difference between the percent of credit sales method and the aging of accounts receivable methoD.

Recognize the significance of hydrogen and polar covalent bonds in water.

Differentiate between various types of chemical bonds and molecular interactions.

Distinguish between organic and inorganic substances and their roles in the human body.

Grasp the basics of inorganic chemistry, focusing on elements like oxygen and their bonds.

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