A Company Ages Its Accounts Receivables to Determine Its End

question 124

Multiple Choice

A company ages its accounts receivables to determine its end of period adjustment for bad debts.At the end of the current year,management estimated that $39,375 of the accounts receivable balance would be uncollectible.Prior to any year-end adjustments,the Allowance for Doubtful Accounts had a credit balance of $3,285.What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

• A)
• \[\begin{array} { | c | c | c | }
• \hline \text { Bad Debt Expense } & 36,090 & \\
• \hline \text { Allowance for Doubtful Accounts } & & \mathbf { 3 6 , 0 9 0 } \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | c | c | c | }
• \hline \text { Bad Debt Expense } & 42,660 & \\
• \hline \text { Allowance for Doubtful Accounts } & & 42,660 \\
• \hline
• \end{array}\]
• C)
• \(\begin{array}{|l|r|r|}
• \hline \text { Bad Debt Expense } & 39,375 & \\
• \hline \text { Allowance for Doubtful Accounts } & & 39,375 \\
• \hline
• \end{array}\)
• D)
• \[\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable } & 39,375 & \\
• \hline \text { Bad Debt Expense } & 3,285 & \\
• \hline \text { Sales } & & 42,660 \\
• \hline
• \end{array}\]
• E)
• \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 36,090 & \\
• \hline \text { Allowance for Doubtful Accounts } & & 36,090 \\
• \hline
• \end{array}\)

Comprehend the role of pretend play in emotional coping mechanisms.

Recognize effective strategies for teaching children healthy expressions of feelings.

Identify ways adults can help children cope with various emotions, including fear and anger.

Understand the impact of adult responses on children's perception and management of emotions.

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Definitions:

Theory

A system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.

Interaction

The reciprocal action or influence between two or more entities or substances, often leading to a particular outcome.

Competitive Situation

A scenario where individuals or groups are in opposition to each other, seeking to achieve a goal that cannot be attained by all contenders.

Personality Research

The study of characteristic patterns of thoughts, feelings, and behaviors that make a person unique, and how these patterns evolve over time and across situations.