Sigma Reports Net Credit Sales of $480,000

question 114

Multiple Choice

Sigma reports net credit sales of $480,000. There is a credit balance of $1,700 in the Allowance for Doubtful Accounts. Uncollectible accounts are estimated to be 4% of net credit sales. Under the income statement approach, the adjusting entry would require a debit to Bad Debts Expense for: (Round your calculations to the nearest whole dollar.)

• A) $17,500.
• B) $19,200.
• C) $19,132.
• D) some other number.

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Definitions:

Health Disparities

Population-specific differences in the presence of disease, health outcomes, or access to health care.

Homeless

Individuals who lack a fixed, regular, and adequate nighttime residence, leading to significant challenges in accessing healthcare.

Obesity

A body mass index of 30 to 30.9.

Food Diary

A record kept by an individual of everything they eat and drink within a certain period, often used to monitor dietary habits and health.