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On January 1,2019,Triangle Company Has the Following Account Balances

Question 163

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On January 1,2019,Triangle Company has the following account balances: On January 1,2019,Triangle Company has the following account balances: Allowance for Bad Debts During the year,Triangle has $165,000 of credit sales,collections of credit sales of $143,000,and write-offs of $3000.It records bad debts expense at the end of the year using the aging-of-receivables method.At the end of the year,the aging analysis shows that $2100 is the estimate of uncollectible accounts.Before the year-end entry to adjust the bad debts expense is made,the balance in the Allowance for Bad Debts is ________. A) a debit of $1700 B) a credit of $4300 C) a zero balance D) a debit of $3000 Allowance for Bad Debts
On January 1,2019,Triangle Company has the following account balances: Allowance for Bad Debts During the year,Triangle has $165,000 of credit sales,collections of credit sales of $143,000,and write-offs of $3000.It records bad debts expense at the end of the year using the aging-of-receivables method.At the end of the year,the aging analysis shows that $2100 is the estimate of uncollectible accounts.Before the year-end entry to adjust the bad debts expense is made,the balance in the Allowance for Bad Debts is ________. A) a debit of $1700 B) a credit of $4300 C) a zero balance D) a debit of $3000 On January 1,2019,Triangle Company has the following account balances: Allowance for Bad Debts During the year,Triangle has $165,000 of credit sales,collections of credit sales of $143,000,and write-offs of $3000.It records bad debts expense at the end of the year using the aging-of-receivables method.At the end of the year,the aging analysis shows that $2100 is the estimate of uncollectible accounts.Before the year-end entry to adjust the bad debts expense is made,the balance in the Allowance for Bad Debts is ________. A) a debit of $1700 B) a credit of $4300 C) a zero balance D) a debit of $3000 During the year,Triangle has $165,000 of credit sales,collections of credit sales of $143,000,and write-offs of $3000.It records bad debts expense at the end of the year using the aging-of-receivables method.At the end of the year,the aging analysis shows that $2100 is the estimate of uncollectible accounts.Before the year-end entry to adjust the bad debts expense is made,the balance in the Allowance for Bad Debts is ________.


A) a debit of $1700
B) a credit of $4300
C) a zero balance
D) a debit of $3000

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