Using the Allowance Method, the Uncollectible Accounts for the Year

question 188

Multiple Choice

Using the allowance method, the uncollectible accounts for the year is estimated to be $50,000. If the balance for the Allowance for Doubtful Accounts is a $9,000 debit before adjustment, what is the amount of bad debt expense for the period?

• A)$9,000
• B)$41,000
• C)$50,000
• D)$59,000

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Definitions:

Bladder

An organ in the body that collects urine excreted by the kidneys before disposal by urination.

Parasympathetic Nervous System

Part of the autonomic nervous system that helps the body to relax and recuperate by slowing heart rate, increasing intestinal and gland activity, and relaxing sphincter muscles.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for 'fight or flight' response during stressful or emergency situations.

Internal Organs

Vital organs located within the main cavities of the body, such as the brain, heart, kidneys, liver, and lungs, which perform essential functions necessary for survival.