Empire Has a Credit Balance of $750 in Its Allowance

question 1

Multiple Choice

Empire has a credit balance of $750 in its Allowance for Doubtful Accounts.The balance it the Accounts Receivable account is $80,500,with $2,415 estimated to be uncollectible after aging the accounts.Under the balance sheet approach,the debit to Bad Debt Expense will be:

• A)$2,415.
• B)$3,165.
• C)$1,665.
• D)$750.

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Definitions:

Conscientiousness

A feature indicating a person's preference for order, their trustworthy nature, and their profound sense of dedication to tasks.

Gregariousness

The quality of being fond of company; sociability.

Cheerfulness

A state of being noticeably happy and optimistic.

Big Five Trait

Components of a personality theory that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.