Acme Company Has Credit Sales of $3

question 9

Multiple Choice

Acme Company has credit sales of $3.10 million for year 2013.Accounts Receivable total $947,360 and the company estimates that 2% of accounts receivable will remain uncollectible.Historically,.9% of sales have been uncollectible.On December 31,2013,the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $2,575.Acme prepared a schedule of its December 31,2013,accounts receivable by age.Based on past experience,it estimates the percent of receivables in each age category that will become uncollectible.This information is summarized here: Assuming the company uses the percent of accounts receivable method,what is the amount that Acme will enter as the Bad Debt Expense in the December 31 adjusting journal entry?

• A)$18,947.20
• B)$16,372.20
• C)$23,024.40
• D)$27,900.00
• E)$21,522.20

---

Definitions:

Media Technology

Tools, platforms, and devices that enable the production, distribution, and consumption of media content.

Mediatization

Refers to the process by which society and culture are increasingly shaped by media logic and communication technologies.

Political Life

The aspect of society that deals with the structure, processes, and activities related to governance, policymaking, and public administration.

Indirect Influence

The subtle or unintentional effects on individuals or society by cultural texts, media, or other external factors, often shaping attitudes or behaviors without direct persuasion.