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

question 69

Multiple Choice

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $2,000 credit before adjustment, what is the amount of bad debt expense for that period?

• A) $2,000
• B) $13,000
• C) $15,000
• D) $17,000

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Definitions:

John Watson

An American psychologist considered one of the founders of behaviorism; he emphasized the study of observable behavior over the study of the mind.

Leo Kanner

An Austrian-American psychiatrist known for his work in child psychiatry, notably for being the first to describe autism as a distinct neurodevelopmental disorder in 1943.

Anna Freud

A pioneering child psychoanalyst and the daughter of Sigmund Freud, known for her theoretical and clinical contributions to the field of psychoanalysis.

Internalizing Problem

Psychological issues that are manifested inwardly, such as anxiety, depression, and withdrawal, as opposed to externalizing problems that involve outward behaviors towards others.