After the December 31,2019 Adjusting Journal Entries Have Been Posted,Tri-State

question 173

Essay

After the December 31,2019 adjusting journal entries have been posted,Tri-State Distributors has the following account balances (all accounts have normal balances)are:
$$\begin{array} { | l | l | } \hline \text { Account Title } & \text { Account Balance } \\\hline \text { Accounts Receivable } & \$ 240,000 \\\hline \text { Allowance for Bad Debts } & \$ 12,500 \\\hline \text { Bad Debts Expense } & \$ 14,500 \\\hline\end{array}$$ Use this information to prepare,in good form,the Balance Sheet (partial)on December,31,2019.Include a proper heading.

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Definitions:

Sustainability

The capacity to maintain or support an activity or process over the long term, often with a focus on environmental, economic, and social considerations.

Ethical Dilemma

A situation in which a decision must be made between two or more morally acceptable or unacceptable alternatives.

Ethical Behaviour

Conduct that is in line with accepted moral norms and values, often characterized by honesty, fairness, and integrity.

Ethical Issues

Moral challenges that arise in professional and personal contexts, requiring individuals or organizations to choose actions that align with ethical standards.