Based on the Following Information for Calendar 2021 If Bad Debts Expense Is Estimated at 1

question 101

Multiple Choice

Based on the following information for calendar 2021: $$\begin{array} { | l | r | } \hline \text { Accounts receivable, January 1 } & \$ 125,000 \\\hline \text { Credit sales during the year } & 1,400,000 \\\hline \text { Allowance for doubtful accounts, January 1 } & 15,000 \\\hline \text { Cash collected on accounts receivable during the year } & 1,350,000 \\\hline \text { Uncollectible accounts written off during the year } & 8,000 \\\hline\end{array}$$ If bad debts expense is estimated at 1.5% of credit sales, what is the balance in the allowance for doubtful accounts at year end?

• A)$13,000
• B)$15,625
• C)$28,000
• D)$36,000

Identify common skin conditions and their causative factors.

Understand the risk factors and forms of skin cancer.

Recognize benign skin tumors and differentiate them from malignant ones.

Comprehend symptoms and treatments of systemic diseases like hyperthyroidism.