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At the beginning of 2015,Elixir Inc.has the following ledger balances: During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $760,000 and $18,000 has been written off.At the end of the year,company adjusted for bad debts expense using the aging method.The amount estimated as uncollectible was $25,000.
-The ending balance in the Allowance for Bad Debts would be ________.
Continental Crust
The Earth's outer layer comprising granite-rich, less dense rock that makes up the continents.
Oceanic Crust
The part of the Earth's crust that underlies the oceans, thinner and denser than the continental crust.
Salt Deposits
Concentrations of salt left behind when water evaporates, often found in arid environments or as part of geological formations.
NaCl
Sodium chloride, a chemical compound more commonly known as table salt.
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