On December 31 of the Current Year,the Unadjusted Trial Balance

question 149

Multiple Choice

On December 31 of the current year,the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable,debit balance of $100,000; Allowance for Doubtful Accounts,credit balance of $600; credit sales of $420,000.What amount should be debited to Bad Debts Expense,assuming 1% of credit sales are estimated to be uncollectible?

• A)$4,200.
• B)$4,800.
• C)$3,600.
• D)$5,770.
• E)$5,660.

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Definitions:

Radial Keratotomy

A surgical procedure to correct nearsightedness (myopia) involving tiny incisions in the cornea to alter its shape and improve vision.

Intraocular Pressure

The fluid pressure inside the eye, critical for maintaining eye shape and proper optical function.

Miotic

Pertaining to or causing the constriction of the pupil of the eye.

Myopia

A visual condition, also known as nearsightedness, where close objects appear clearly, but distant objects are blurry.