At the End of the Period,the Manager of Philly Electronics

question 196

Multiple Choice

At the end of the period,the manager of Philly Electronics estimated that $40,000 of its accounts receivable were uncollectible.If the Allowance for Doubtful Accounts has a credit balance of $11,200,which of the following sets forth the adjusting entry to record bad debts for the period?

• A) Debit Bad Debt Expense and credit Accounts Receivable for $40,000
• B) Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $28,800
• C) Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $40,000
• D) Debit Bad Debt Expense and credit Accounts Receivable for $28,800

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Definitions:

Sleep Cycle

A progression through several stages of NREM and REM sleep, repeating several times throughout a typical night's rest.

Sleepwalks

The act of walking or performing other complex behaviors while in a state of sleep.

Stage

A specific phase or period in a process of development or a sequence of events.

Delta Waves

Slow brain waves typically associated with deep sleep and certain states of brain activity, indicative of restorative processes during sleep.