Question: 11. accelerated solutions has the following data for the year end december 31, year 1: refer to Accelerated solutions. If the aging approach Is used

11. accelerated solutions has the following data for the year end december 31, year 1:

refer to Accelerated solutions. If the aging approach Is used to estimate bad debts, what is the balance in the allowance for doubtful accounts after the bad debt expense adjustment?

a) $10,000

b)$15,000

c)$25,000

d)$50,000

Accounts receivable (January 1, Year 1) Credit sales Collections from credit customers Customer accounts written off as uncollected Allowance for doubtful accounts (January 1, Year 1) Estimated uncollected accounts based on an aging analysis (December 31, Year 1) $ 350,000 1,200,000 850,000 10,000 35,000 50,000

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