The CHS Company Has Provided the Following Information

question 23

Multiple Choice

The CHS Company has provided the following information:
Accounts receivable written-off as uncollectible during the year amounted to $11,500.
The accounts receivable balance at the beginning of the year was $150,000.
The accounts receivable balance at the end of the year was $210,000.
The allowance for doubtful accounts balance at the beginning of the year was $14,000.
The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900.
Credit sales during the year totaled $900,000.
How much was CHS Company's bad debt expense?

• A)$11,500
• B)$12,900
• C)$10,400
• D)$14,000

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Definitions:

Glutamate

An important neurotransmitter in the brain involved in learning, memory, and the regulation of the nervous system.

Excitatory Neurotransmitter

A type of neurotransmitter that promotes the generation of an electrical signal called an action potential in receiving neurons.

Serotonin Transporter

A protein that facilitates the reuptake of serotonin from the synaptic cleft back into the presynaptic neuron.

Neuromodulator

A type of chemical messenger released from neurons in the brain to signal other neurons, modifying their activities and influencing many bodily functions.