Using the Percentage-Of-Receivables Method for Recording Bad Debts Expense Estimated

question 212

Multiple Choice

Using the percentage-of-receivables method for recording bad debts expense estimated uncollectible accounts are $23000. If the balance of the Allowance for Doubtful Accounts is $2000 debit before adjustment what is the amount of bad debt expense for that period?

• A) $2000
• B) $21000
• C) $23000
• D) $25000

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Definitions:

Attitude

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor.

Imitate Behaviour

The action of copying or reproducing someone else's actions, gestures, or expressions, often to learn or fit in.

Subliminal Perception

The processing of information by the subconscious mind, which influences behavior without conscious awareness.

Selective Learning

The process by which individuals focus on and learn from specific aspects of their environment while ignoring others.