Use the following information for questions: $$\begin{array} { l c c }
\text { Days outstanding } & \text { Balance } & \text { Estimated percentage uncollectible } \
0 - 30 \text { days } & \$ 350,000 & 1 \% \
31 - 60 \text { days } & 275,000 & 2 \% \
61 - 90 \text { days } & 67,500 & 5 \% \
\text { over } 90 \text { days } & 37,500 & 25 \%
\end{array}$$ The balance in their allowance for doubtful accounts before year-end adjustments is a $2,000 credit.
-The bad debt expense for 2011 is:
A)$21,750
B)$23,750.
C)$19,750.
D)$35,000.

Question

Use the following information for questions: $$\begin{array} { l c c } 
\text { Days outstanding } & \text { Balance } & \text { Estimated percentage uncollectible } \
0 - 30 \text { days } & \$ 350,000 & 1 \% \
31 - 60 \text { days } & 275,000 & 2 \% \
61 - 90 \text { days } & 67,500 & 5 \% \
 \text { over } 90 \text { days } & 37,500 & 25 \%
\end{array}$$ The balance in their allowance for doubtful accounts before year-end adjustments is a $2,000 credit.
-The bad debt expense for 2011 is:
A)$21,750
B)$23,750.
C)$19,750.
D)$35,000.

Quizplus · Accepted Answer

The Answer of Use the following information for questions: $$\begin{array} { l c c } 
\text { Days outstanding } & \text { Balance } & \text { Estimated percentage uncollectible } \
0 - 30 \text { days } & \$ 350,000 & 1 \% \
31 - 60 \text { days } & 275,000 & 2 \% \
61 - 90 \text { days } & 67,500 & 5 \% \
 \text { over } 90 \text { days } & 37,500 & 25 \%
\end{array}$$ The balance in their allowance for doubtful accounts before year-end adjustments is a $2,000 credit.
-The bad debt expense for 2011 is:
A)$21,750
B)$23,750.
C)$19,750.
D)$35,000.

Use the Following Information for Questions The Balance in Their Allowance for Doubtful Accounts Before Year-End