Total Doubtful Accounts at the End of the Year Is

question 62

Multiple Choice

Total doubtful accounts at the end of the year is estimated,using the aging of receivables method,to be $25,000.If the balance for the Allowance for Doubtful Accounts is a $7,000 debit before adjustment,what will be the amount of bad debts expense for the period?

• A)$7,000.
• B)$18,000.
• C)$25,000.
• D)$32,000.

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Definitions:

American Mind

A concept referring to the collective mindset, attitudes, or cultural ethos predominant among the people of the United States.

Evangelical

A movement within Protestant Christianity emphasizing the importance of the conversion experience, the authority of the Bible, and spreading the Christian faith.

Transcendentalism

A philosophical and literary movement in the 19th century U.S. that advocated for personal intuition, self-reliance, and a closer relationship to nature.

Thoreau

Henry David Thoreau, a 19th-century American essayist, poet, and philosopher known for his writings on naturalism and civil disobedience.