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:

Psychological Disorders

Mental disorders characterized by significant disturbances in an individual's cognition, emotional regulation, or behavior, often leading to distress or impairment in daily functioning.

Gender

The social and psychological aspects of being male, female, both or neither.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Abnormal Behavior

Patterns of emotion, thought, or action deemed pathological for one of several reasons, including statistical rarity, violation of norms, or personal distress.