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Question Help At the beginning of 2019, Gourmet Cupcakes, Inc. has the following ledger balances: $41,000 (Debit) $7,000 (Credit) Accounts Receivable Allowance for Bad Debts
Question Help At the beginning of 2019, Gourmet Cupcakes, Inc. has the following ledger balances: $41,000 (Debit) $7,000 (Credit) Accounts Receivable Allowance for Bad Debts During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $750,000, and $16,000 has been written off. Gourmet Cupcakes uses the aging - of - receivables method to record bad debts expense. The estimate of uncollectible accounts was $29,000. The ending balance in the Allowance for Bad Debts is O A. $22,000 O B. $16,000 O C. $38,000 O D. $29,000
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