The Following Information Is Related to December 31 2021 Balances

question 61

Multiple Choice

The following information is related to December 31 2021 balances. $\begin{array}{lr}\text { Accounts receivable } & \$ 3,150,000 \\\text { Allowance for doubtful accounts } & 270,000 \\\text { Cash realizable value } & \$ 2,880,000\end{array}$ During 2022 sales on account were $870000 and collections on account were $516000.Also during 2022 the company wrote off $48000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $324000.Bad debt expense for 2022 is

• A)$102000.
• B)$ 54000.
• C)$324000.
• D)$ 6000.

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Definitions:

Dendrites

Branchlike structures of a neuron that receive messages from other neurons.

Neurons

Neurons are the basic working units of the brain, specialized cells designed to transmit information to other nerve cells, muscle, or gland cells.

Frontal Lobe

The frontal lobe is a region of the brain associated with decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Broca's Area

A region in the frontal lobe of the dominant hemisphere of the human brain associated with language processing, speech production, and comprehension.