At the Beginning of 2015, Peter Dots Has the Following

question 16

Multiple Choice

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.
-Refer to the table above,The ending balance in the Allowance for Bad Debts would be:

• A) $38.000.
• B) $18,000.
• C) $25,000.
• D) $30,000.