Suppose That the Balance of a Company's Allowance for Uncollectible

question 66

Multiple Choice

Suppose that the balance of a company's Allowance for Uncollectible Accounts was $6,200 (credit) at the end of 2015,prior to any adjustments.The company estimated that the total of uncollectible accounts in its accounts receivable was $44,300 at the end of 2015.What amount of bad debt expense would appear in the company's 2015 income statement?

• A)$38,100.
• B)$105,700.
• C)$33,000.
• D)$50,500.

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Definitions:

Mental Phenomena

Processes of the mind such as cognition, emotions, and consciousness that are subjective in nature.

Conscious Activity

Actions or tasks performed while an individual is fully aware and deliberate in their intentions.

Mental Life

Refers to the internal experiences and processes of the mind, such as thoughts, emotions, and desires.

Wilhelm Wundt

Regarded as the founder of experimental psychology, he established the first psychology laboratory in Leipzig, Germany, in 1879.