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:

Low Ph

A measure indicating that a solution is acidic, with a pH value less than 7 on the pH scale.

Buccal

Pertaining to the cheek or mouth cavity; often related to drug administration where medication is placed between the gum and cheek.

Parenteral

Refers to the administration of substances, such as nutrients or medication, by a route other than the digestive tract, commonly through intravenous injection.

Gaseous Medication

Medicinal treatments administered in the form of a gas, often for inhalation to treat respiratory conditions.