Gross Accounts Receivable Is $21,000

question 32

Multiple Choice

Gross Accounts Receivable is $21,000. Allowance for Doubtful Accounts has a credit balance of $600. Net credit sales for the year are $132,000. In the past, 3% of credit sales had proved uncollectible, and an aging of the receivables indicates $1,800 is doubtful. Under the balance sheet approach, Bad Debts Expense for the year is:

• A) $2,400.
• B) $4,560.
• C) $3,960.
• D) $1,200.

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Definitions:

Feminine Characteristics

Traits or qualities traditionally associated with being female, including but not limited to empathy, nurturing, sensitivity, and intuition.

Nonanatomical Factors

Elements or influences on a phenomenon that are not related to the physical structure or anatomical components of the body.

Chromosomes

Structures within cells that contain DNA and carry genetic information essential for development, reproduction, and functioning of organisms.

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs.