At the Beginning of 2019,Elliott Company Has the Following Account $\$ 44,000$

question 4

Multiple Choice

At the beginning of 2019,Elliott Company has the following account balances: Accounts Receivable $\$ 44,000$ (debit balance)
Allowance for Bad Debts $\$ 5000$ (credit balance) Bad Debts Expense $0
During the year,credit sales amounted to $850,000.Cash collected on credit sales amounted to $790,000,and $16,000 has been written off.At the end of the year,the company adjusted for bad debts expense using the percent-of-sales method and applied a rate,based on past history,of 2.5%.The ending balance in the Allowance for Bad Debts is ________.

• A) $5000
• B) $5250
• C) $8750
• D) $10,250

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Definitions:

Nutritional Therapy

The treatment of medical conditions and the promotion of health through diet adjustment and the use of specific nutrients.

Alternative Modalities

Therapeutic methods or practices that are not part of the mainstream medical care, often used to complement traditional treatments.

CAM

Complementary and Alternative Medicine refers to healthcare approaches, practices, and products not typically part of conventional medicine.

Healers

Individuals, often professionals, who are trained and dedicated to promoting physical, mental, or spiritual well-being and facilitating recovery.