A Company's Allowance for Doubtful Accounts Is $4,000 and $3,000

question 59

Multiple Choice

A company's allowance for doubtful accounts is $4,000 and $3,000 on 1/1/11 and 1/1/10, respectively. During 2010, bad debts expenses were estimated to be 6% on net credit sales of $100,000. During 2010, the amount of accounts written off as uncollectible amounts to

• A) $6,000.
• B) $7,000.
• C) $5,000.
• D) $4,000.

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