The Balance of the Allowance for Doubtful Accounts Was $12,656

question 45

Multiple Choice

The balance of the Allowance for Doubtful Accounts was $12,656 at the beginning of the year and $14,348 at the end of the year.Bad Debt Expense was $3,879 for the year.Recoveries in the amount of $100 were recorded during the year.Which of the following statements is correct?

• A)The Allowance for Doubtful Accounts account was retroactively debited for $2,187 to record additional bad debts that became apparent in a future time period.
• B)The Allowance for Doubtful Accounts account was debited for $2,287 to record write-offs during the year.
• C)The Allowance for Doubtful Accounts account was credited $2,287 for payments from customer whose account balances were previously written off.
• D)The Allowance for Doubtful Accounts account was credited $2,187 for the difference between the percent of credit sales method and the aging of accounts receivable method.

---

Definitions:

Creativity

The ability to produce original and valuable ideas or solutions.

Eight Components

Refers to the essential aspects that constitute or characterize a complex concept, system, or theory, potentially varying based on context.

Gardner

refers to Howard Gardner's theory of multiple intelligences, which proposes that people have different kinds of intelligences, such as linguistic, mathematical, musical, and spatial.

Spearman

Refers to Charles Spearman, a British psychologist who theorized that intelligence is mainly determined by a single, general ability (“g factor”).