At the Beginning of 2015, Peter Dots Has the Following

question 58

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 Bad Debts Expense would be:

• A) $38,000.
• B) $25,000.
• C) $13,000.
• D) $7,000.

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Definitions:

Per Capita Energy Consumption

The average amount of energy used per person within a specific area or country.

World Population

The total number of humans currently living on Earth, often estimated and subject to change due to birth rates, death rates, and migration patterns.

Population Growth Rate

The rate at which the number of individuals in a population increases in a given time period, typically expressed as a percentage of the population.

Per Capita Incomes

Per capita incomes represent the average income earned per person in a specific area, calculated by dividing the area's total income by its population, indicating the general wealth of the population.