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Using the Following Information: During 2010, Sales on Account

Question 34

Multiple Choice

Using the following information: Using the following information: During 2010, sales on account were $145,000 and collections on account were $86,000. Also during 2010, the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $54,000. Bad debts expense for 2010 is A) $17,000. B) $9,000. C) $54,000 D) $1,000. During 2010, sales on account were $145,000 and collections on account were $86,000. Also during 2010, the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $54,000.
Bad debts expense for 2010 is


A) $17,000.
B) $9,000.
C) $54,000
D) $1,000.

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