Temper Company Has Credit Sales of $3

question 84

Multiple Choice

Temper Company has credit sales of $3.10 million for year 2013.Temper estimates that .9% of the credit sales will not be collected.On December 31,2013,the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $2,222.Assuming the company uses the percent of sales method,what is the amount that Temper will enter as the Bad Debt Expense in the December 31 adjusting journal entry?

• A)$25,246.40
• B)$27,468.40
• C)$23,024.40
• D)$27,900.00
• E)$24,420.40

---

Definitions:

Unanimous Verdict

A legal decision where all jurors agree on the verdict in a court case.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Defence Attorneys

Lawyers who represent individuals accused of crimes, ensuring their legal rights are protected and presenting their defense in court.

Prosecution

The legal process of holding a trial against someone accused of a crime, with the aim of proving the accusation through evidence and legal argument.