Gross Accounts Receivable Is $10,000

question 92

Multiple Choice

Gross Accounts Receivable is $10,000.Allowance for Doubtful Accounts has a credit balance of $200.Net sales for the year are $150,000.In the past,2% of sales had proved uncollectible,and an aging of the receivables indicates $1,200 is doubtful.Under the balance sheet approach,Bad Debts Expense for the year is:

• A)$1,000.
• B)$3,000.
• C)$2,800.
• D)$1,200.

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Definitions:

Time-specified Scheduling

An appointment system where patients are given specific times for their visits, intended to increase efficiency and reduce wait times.

Wave Scheduling

A scheduling system where patients are scheduled in groups at the top of the hour, allowing for flexibility in appointments.

Open-hours Scheduling

A healthcare appointment system that allows patients to visit without a prior appointment during specified hours.

First-come

A policy or principle that serves individuals or addresses tasks in the order that they arrive or are received.