At the Beginning of 2015,Elixir Inc

question 64

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 the Allowance for Bad Debts would be ________.

• A)$38.000
• B)$18,000
• C)$25,000
• D)$30,000

---

Definitions:

Extreme Distortions

Severely inaccurate or exaggerated beliefs or perceptions, often disconnected from reality.

Delusions

Firmly held erroneous beliefs that are not grounded in reality, often stemming from psychological disorders.

Relevant Environmental Factors

External conditions or influences that significantly impact an individual's behavior, decisions, or well-being.

Ecomap

A graphical representation that shows the ecological system of an individual within the context of their family, social, and community relationships.