Gross Accounts Receivable Is $20,000

question 12

Multiple Choice

Gross Accounts Receivable is $20,000.Allowance for Doubtful Accounts has a credit balance of $400.Net credit sales for the year are $125,000.In the past,2% of credit sales had proved uncollectible,and an aging of the receivables indicates $1,500 is doubtful.Under the income statement approach,Bad Debts Expense for the year is:

• A)$1,900.
• B)$2,900
• C)$2,500.
• D)$1,100.

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