Using the Allowance Method, the Uncollectible Accounts for the Year

question 95

Multiple Choice

Using the allowance method, the uncollectible accounts for the year is estimated to be $56,000. If the balance for the Allowance for Doubtful Accounts is a $14,000 debit before adjustment, what is the amount of bad debts expense for the period?

• A) $14,000
• B) $42,000
• C) $56,000
• D) $70,000

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Definitions:

Push Strategy

A marketing approach that involves taking the product directly to the customer via distribution channels to ensure the product is widely available.