At the Beginning of 2015,Elixir Inc

question 114

Multiple Choice

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 Bad Debts Expense would be ________.

• A)$38,000
• B)$25,000
• C)$13,000
• D)$7,000

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Definitions:

Base Type

The fundamental data type from which a derived type is created in programming, typically primitive types like int, float, or char.

ArrayList

A resizable array implementation in Java, part of the Collections Framework, providing dynamic array capabilities.

Hold 25 Integers

An array or data structure with the capacity to store twenty-five integer values.

ArrayList

A resizable array implementation of the List interface in Java, providing methods to manipulate the size of the array that holds elements.