At the Beginning of the Year, Accounts Receivable Were $45,000

question 48

Multiple Choice

At the beginning of the year, accounts receivable were $45,000 and the allowance for bad debts was $4,200.During the year, sales (all on account) were $180,000, cash collections were $165,000, bad debts expense totaled $3,100, and $2,600 of accounts receivable were written off as bad debts. The balance at the end of the year for the Allowance for Bad Debts account was:

• A)$1,600.
• B)$3,700.
• C)$4,700.
• D)$7,300.

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Definitions:

Respiratory Mucus

A protective secretion from the airways that traps particles and pathogens, aiding in their removal from the respiratory system.

Ciliary Muscles

Small muscles located in the eye that adjust the lens shape to focus on objects at various distances.

Blink Reflex

An involuntary blinking of the eyelids elicited by stimulation of the cornea or by other stimuli that protects the eye from foreign bodies and bright light.

Tear Glands

Glands located around the eye that produce tears, which are necessary for lubricating the eyes and providing protection against irritants.