Following the Completion of an Aging Analysis,the Accountant for Liberty

question 38

Multiple Choice

Following the completion of an aging analysis,the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible.The year-end adjusting entry to record bad debt expense would include which of the following?

• A)credit to allowance for doubtful accounts of $1,100.
• B)credit to allowance for doubtful accounts of $1,200.
• C)debit to bad debt expense of $1,000.
• D)debit to bad debt expense of $900.

---

Definitions:

Manufacturing Bottlenecks

Points in the production process that cause delays due to limited capacity, resulting in slower overall throughput and efficiency.

Organisational Strengths

Internal capabilities and resources that give an organization competitive advantage and enable successful strategy execution.

Stakeholders Interests

The concerns, needs, or goals of individuals or groups that have a stake in the outcome of a project, organization, or initiative, influencing decisions and strategies.

Strategic Planning Process

A systematic series of steps that an organization follows to formulate and implement strategies aimed at achieving long-term goals.