An Aging of a Company's Accounts Receivable Indicates That $4000

question 122

Multiple Choice

An aging of a company's accounts receivable indicates that $4000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $700 debit balance the adjustment to record bad debts for the period will require a

• A) debit to Bad Debt Expense for $3300.
• B) debit to Bad Debt Expense for $4000.
• C) debit to Bad Debt Expense for $4700.
• D) credit to Allowance for Doubtful Accounts for $700.

---

Definitions:

Bipedalism

The ability to walk on two legs, a characteristic mainly observed in humans among primates.

Foramen Magnum

A large opening in the base of the skull through which the spinal cord enters and connects to the brain, indicative of bipedal or quadrupedal locomotion in vertebrates.

Femur

The longest and strongest bone in the human body, extending from the hip to the knee.

Levallois Tools

A technology of stone tool production characterized by the striking of flakes from a prepared core, used by prehistoric humans.