A-One Construction the Following Data Are from the Company's Records

question 93

Multiple Choice

A-One Construction The following data are from the company's records for 2012:
$\begin{array}{l} \text { Accounts Re ceivable-January 1,2012 } &\$ 455,000 \\ \text {Credit sales during 2012 } &900,000 \\ \text { Collections from cre dit customers duing 2012 } &825,000 \\ \text {Customer ac counts written off as uncollected duing 2012 } &15,000 \\ \text { Allowance for Doubtful Accounts } &\\ \text { (After write-off of uncollected accounts) } &2,100 \\ \text { Estimated uncollected accounts based on an aging analysis } &29,200\end{array}$
-Refer to A-One Construction.If the aging approach is used to estimate bad debts,what amount should be recorded as bad debt expense for 2012?

• A)$ 2,100
• B)$27,100
• C)$29,200
• D)$31,300

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Definitions:

National Saving

The total amount of savings generated within a country, which includes both private savings by households and businesses, and public savings from government budgets.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Investment Charges

Fees and expenses associated with investing in various types of investment vehicles, like mutual funds or stocks.

Public Saving

The difference between a government's total revenue and its total expenditures, reflecting the surplus or deficit in the public sector's budget.