The Beginning Balance in the Allowance for Uncollectible Accounts of Pankhurst

question 52

Multiple Choice

The beginning balance in the allowance for uncollectible accounts of Pankhurst Corporation was $26,000.During the period,$17,000 of accounts receivable were written off.At the end of the period,Pankhurst estimates that $30,000 of its accounts receivable will be uncollectible.What amount of uncollectible accounts expense should the firm report?

• A)$9,000
• B)$17,000
• C)$21,000
• D)$30,000

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Definitions:

Internal Heat

Heat produced within a planetary body, originating from radioactive decay and residual heat from planetary formation.

Gravity

The force that attracts two bodies toward each other, giving weight to physical objects and keeping planets in orbit around stars.

Acre

A unit of land area used in the imperial and US customary systems, equivalent to 4,840 square yards or about 4,047 square meters.

Cubic Meter

A unit of volume in the International System of Units, representing the volume of a cube with edges one meter in length.