The Data Below Is for Music Corporation for 2016 -Refer to the Data for Music Corporation

question 49

Multiple Choice

The data below is for Music Corporation for 2016. $$\begin{array} { l r } \text { Accounts receivable-January 1, 2016 } & \$ 236,000 \\\text { Credit sales during 2016 } & 820,000 \\\text { Collections from credit customers during 2016 } & 590,000 \\\text { Customer accounts written off as uncoll ectible during 2016 } & 8,000 \\\text { All owance for doubtful accounts-January 1, 2016 } & 8,700 \\\text { Estimated uncollectible accounts based on an aging analysis } & 9,600\end{array}$$
-Refer to the data for Music Corporation. If the aging approach is used to estimate bad debts, what is the balance in the Allowance for Doubtful Accounts after the bad debt expense adjustment?

• A) $8,000
• B) $8,100
• C) $8,900
• D) $9,600

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A research method involving guided discussions with selected groups of individuals to gather feedback on specific topics or products.

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