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:

Polyandry

A form of marriage in which a woman has more than one husband at the same time.

Multiple Wives

A marital practice wherein an individual has more than one wife simultaneously, known as polygyny.

Social Ennui

A feeling of dissatisfaction, boredom, and listlessness stemming from a lack of excitement or meaningful engagement in society.

Commuter Marriage

A commuter marriage is a type of relationship where the partners are married but live apart, typically due to work obligations, maintaining separate residences in different cities or regions.