Accelerated Solutions the Following Data Are from the Company's Records

question 94

Multiple Choice

Accelerated Solutions The following data are from the company's records for 2012:
$\begin{array}{ll}\text { Accounts receivable-J anuary 1, 2012 } & \$ 350,000 \\\text { Credit sales during 2012 } & 1,200,000 \\\text { Collections from cre dit customers during 2012 } & 850,000 \\\text { Customer accounts written off as uncollected during 2012 } & 10,000 \\\text { Allowance for doubtul accounts-Jamuaty 1, 2012 } & 35,000 \\\text { Estimated uncollected accounts bassed on an aging analysis } & 50,000\end{array}$
-Refer to Accelerated Solutions.If the aging method is used to estimate bad debts,what amount should be recorded as bad debt expense for 2012?

• A)$50,000
• B)$ 5,000
• C)$15,000
• D)$25,000

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Definitions:

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