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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Definitions:

Gene-environment Interactions

The complex interplay between genetic predispositions and environmental factors that influences individual differences in behavior, health, and development.

Genetically Influenced Traits

Characteristics or features that are affected by genetic information passed from parents to their offspring.

Social-interaction Skills

Abilities used to communicate, engage with, and understand others during social interactions.

Extraversion

A personality trait characterized by outgoingness, high energy, and a preference for social interaction.