At the Beginning of 2016,Peter Dots Has the Following Ledger

question 78

Multiple Choice

At the beginning of 2016,Peter Dots has the following ledger balances:
Accounts receivable

Allowance for doubtful debts

Bad debts expense

During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $780,000 and $18,000 was written off.At the end of the year,the company adjusted for bad debts expense using the percentage of sales method and applied a rate,based on past history,of 3.5%.The ending balance of Accounts receivable would be:

• A) $18,000
• B) $40,000
• C) $42,000
• D) $56,700

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Definitions:

Premature Ejaculation

A sexual dysfunction characterized by ejaculation that occurs sooner than desired, either before or shortly after sexual penetration.

Penile-Vaginal Penetration

The act of inserting the penis into the vagina during sexual intercourse.

Sexual Satisfaction

The fulfillment or gratification that comes from sexual activity, reflecting a person's individual needs and desires.

Dyspareunia

A female sexual functioning difficulty characterized by painful intercourse.