Using the Aging Method of Accounts Receivable Method,$5,000 of the Company's

question 125

Multiple Choice

Using the aging method of accounts receivable method,$5,000 of the company's Accounts Receivable are estimated to be uncollectible.At the end of the year,the balance of Accounts Receivable is $100,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $500.Credit sales during the year totaled $150,000.What is the current year's Bad Debt Expense?

• A)$4,500
• B)$5,000
• C)$7,000
• D)$7,500

---

Definitions:

Response Rate

The percentage of subjects receiving a questionnaire who answer the questions.

Relocate

To move to a new place, especially with respect to changing one's residence or place of business.

Office Space

A physical or virtual area designated for office work, including administrative tasks, meetings, and operations.

Skilled Workers

Individuals who have acquired specialized abilities and expertise through training or experience.