Sudan Ltd'S Allowance for Doubtful Accounts Was $85,000 at the End

question 53

Multiple Choice

Sudan Ltd.'s allowance for doubtful accounts was $85,000 at the end of 2017 and $105,000 at the end of 2016.For the year ended December 31, 2017, Sudan reported bad debt expense of $18,000 in its income statement.What amount did Sudan debit to allowance for doubtful accounts during 2017 to write off actual bad debts?

• A)$38,000
• B)$34,650
• C)$20,000
• D)$12,000

---

Definitions:

Regulatory Agencies

Government bodies responsible for enforcing specific laws and regulations to protect public interests.

Labour Unions

Organizations representing workers' interests, focusing on negotiating wages, working conditions, and other employment terms.

Management

The process of directing and controlling a group of people or entities to accomplish a goal.

Deficiency In Cash

This term refers to a situation where the cash available is not sufficient to cover the cash required for operations or obligations.