The Following Information Is Available for Thomas Company

question 62

Multiple Choice

The following information is available for Thomas Company:

As a result of a review and aging of accounts receivable, it has been determined that the Allowance for Doubtful Accounts should show a balance of $2,100 at December 31, 2011. What amount should Thomas record as bad debt expense for the year ended December 31, 2011?

• A) $2,200
• B) $1,900
• C) $2,100
• D) $2,000

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Budgeted

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The amount of money that an individual or business receives in exchange for providing a good or service or through investing capital.