On January 1,Davidson Services Has the Following Balances

question 52

Multiple Choice

On January 1,Davidson Services has the following balances:
Accounts Receivable $21,000
Bad Debts Expense $0
Davidson has the following transactions during January: Credit sales of $150,000,collections of credit sales of $83,000,and write-offs of $20,000.Davidson uses the direct write-off method.The amount of Bad Debts Expense for January is ________.

• A)$21,000
• B)$36,145
• C)$11,067
• D)$20,000

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Definitions:

Elastic Tissue

A type of connective tissue that allows tissues in the body to resume their shape after stretching or contracting.

Vertebrae

The individual bones that stack to form the vertebral column or spine.

Dense Irregular Connective Tissue

A type of connective tissue with fibers that are thick, densely packed, and arranged in an irregular pattern, providing strength and resistance to forces from multiple directions.

Reticular

Pertaining to a network or mesh, often used to describe certain connective tissues or structures within organs that have a net-like composition.