Oceanside Company Uses the Balance Sheet Approach in Estimating Uncollectible

question 1

Multiple Choice

Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense.Its Allowance for Doubtful Accounts has a $1,200 credit balance prior to adjusting entries.It has just completed an aging analysis of accounts receivable at December 31,2018.This analysis disclosed the following information: What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31,2018?

• A)$95,000.
• B)$960.
• C)$3,360.
• D)$2,160.

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Definitions:

Empathy

The ability to understand and share the feelings of another person, showing an awareness and sensitivity to their emotional state.

Persist

To continue steadfastly or firmly in some state, purpose, course of action, or the pursuit of an objective, despite obstacles or difficulties.

Self-dilemma

A situation or context in which an individual faces a conflict between different personal values, desires, or obligations, often leading to inner turmoil.

Self-regulation

The ability to manage and adjust one's emotions, behaviors, and desires in the face of external demands or challenges.