Smart-T Corporation Uses the Aging-Of-Accounts-Receivable Method to Estimate Uncollectible Receivables

question 99

Multiple Choice

Smart-T Corporation uses the aging-of-accounts-receivable method to estimate uncollectible receivables.At year end Smart-T estimates that $4,750 of its accounts receivable will be uncollectible.Prior to adjustment,the Allowance for Uncollectible Accounts has a credit balance of $200.Bad debt expense to be reported on the income statement is:

• A) $4,750
• B) $4,950
• C) $4,550
• D) $200

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Submissive

Ready to conform to the authority or will of others; meekly obedient or passive.

Marries

The act of entering into a legal or spiritual union with another person, recognized by society or religious institutions as a partnership.

Scientific Method

A systematic procedure for collecting and analyzing evidence, critical in the exploration and understanding of the natural world.

Intolerance

The unwillingness to accept views, beliefs, or behavior that differ from one's own.