Using the Aging Method,estimated Uncollectible Accounts Are $3,000

question 43

Multiple Choice

Using the aging method,estimated uncollectible accounts are $3,000.If the balance in the Allowance for Doubtful Accounts is a $600 debit before adjustment,what is the Bad Debts Expense adjustment for the period?

• A)$3,000
• B)$3,600
• C)$2,400
• D)$600

---

Definitions:

Utility-Maximizing Rule

An economic principle that states individuals allocate their income in a way that maximizes their total utility, based on the marginal utility per unit of price for goods or services.

Algebra

A branch of mathematics that deals with symbols and the rules for manipulating these symbols, representing quantities and expressing mathematical relationships.

Marginal Utility

The added satisfaction a consumer gains from consuming an additional unit of a good or service.

Maximizing Utility

The economic principle that individuals seek to obtain the highest level of satisfaction or benefit from their actions and choices.