The Following Information Is from the 2019 Records of Albert

question 132

Multiple Choice

The following information is from the 2019 records of Albert Book Shop: $$\begin{array} { | l | l | } \hline \text { Accounts receivable, December 31, 2019 } & \$ 45,000 \text { (debit) } \\\hline \text { Allowance for Bad Debts, December 31,2019 prior to adjustment } & 1700 \text { (debit) } \\\hline \text { Net credit sales for } 2019 & 177,000 \\\hline \text { Accounts written off as uncollectible during 2017 } & 20,000 \\\hline \text { Cash sales during 2019 } & 29,500 \\\hline\end{array}$$ Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $5200 of accounts receivable will be uncollectible.Calculate the amount of bad debts expense for 2019.

• A) $4300
• B) $6900
• C) $3500
• D) $5450

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Definitions:

Annual Tournament

A competitive event held once a year, often involving sports, games, or other activities.

Appointment Status

A classification or update regarding the scheduling or outcome of an appointment.

Calendar Item

An entry in a digital calendar, such as an appointment, meeting, or event, that includes details like time, date, and description.

Meeting Originator

The individual who initiates or calls for a meeting, usually responsible for setting the agenda.