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At the Beginning of 2015, Peter Dots Has the Following

question 53

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At the beginning of 2015, Peter Dots has the following ledger balances: At the beginning of 2015, Peter Dots has the following ledger balances:   During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000 and $18,000 has been written off. At the end of the year, company adjusted for bad debts expense using the aging method. The amount estimated as uncollectible was $25,000. The ending balance in Bad Debts Expense would be: A) $38,000. B) $25,000. C) $13,000. D) $7,000. During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000 and $18,000 has been written off. At the end of the year, company adjusted for bad debts expense using the aging method. The amount estimated as uncollectible was $25,000. The ending balance in Bad Debts Expense would be:


Definitions:

Training Evaluation

The process of assessing the effectiveness and impact of training programs on participants' performance and knowledge.

HR Department

A division within an organization responsible for managing recruitment, selection, employee relations, payrolls, and benefits, and ensuring compliance with employment laws.

Orientation Program

A structured introduction for new employees to familiarize them with the company, its policies, their colleagues, and their job responsibilities.

Behaviour Modelling

A training method that involves showing employees how to perform a task or behavior by demonstrating it and then allowing them to replicate the behavior.

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