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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
At the beginning of 2017, Yummy Cupcakes, Inc. has the following ledger balances:

Accounts Receivable $40,000 (Debit)
Allowance for Bad Debts $7,000 (Credit)

During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $760,000, and $16,000 has been written off. Yummy Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $26,000. The ending balance in the Allowance for Bad Debts is ________.
A) $26,000
B) $16,000
C) $35,000
D) $19,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
4 years ago
Thanks
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#4
4 years ago
Thank you!
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