Z Company Obtained the Following Balances from Its Computerized Accounting

question 33

Multiple Choice

Z Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments: The company estimates that 2% of net sales will be uncollectible.After the correct adjusting entry has been made,bad debts expense for the year will be:

• A)$4,000.
• B)$1,000.
• C)$3,000.
• D)$5,000.

---

Definitions:

Training Professionals

Specialists who design, conduct, and manage training programs to improve employee skills and knowledge.

Beyond Workplace

Issues, dynamics, or practices that extend or impact professional life outside the traditional office or organizational setting.

Self-development

The process of improving oneself through such activities as enhancing skills, increasing consciousness, and building wealth.

Developmental Needs

The requirements necessary for an individual's growth, improvement, or advancement in skills, knowledge, or personal development.