Timmons Company Had a January 1 Credit Balance in Its

question 162

Essay

Timmons Company had a January 1 credit balance in its Allowance for Doubtful Accounts of $7,000 for the current year.The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
$\begin{array}{|l|l|}\hline\text { Apr. 15 } & \text { Bard's account receivable of } \$ 5,700 \text { was deemed uncollectible. } \\\hline \text { July 1 } & \begin{array}{l}\text { Drake paid the full amount of a previously written-off account receivable. This } \\\text { receivable of } \$ 2,300 \text { had been written off in the prior year. }\end{array} \\\hline \text { Dec. 31 } & \text { Bad debts expense of } \$ 7,500 \text { was recorded. }\\\hline\end{array}$
What amount should appear in the allowance for doubtful accounts in the December 31 balance sheet for the current year?

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Definitions:

Sedentary

A sedentary lifestyle is characterized by a significant amount of sitting or lying down, with little to no exercise, leading to various health risks.

Overweight

A body mass index of 25 to 29.9.

Dietary Evaluation

The process of assessing an individual's dietary intake to ensure it meets nutritional needs and to identify areas where changes could improve health or support specific health goals.

Total Energy Expenditure

The amount of calories burned by an individual through basal metabolic rate, physical activity, and thermic effect of food over a given period.