Examplify

ACCT $2033$ Test #$22024-$APRIL PRINGE $($pr$9471476)$

TIMEREMAINING $02$:$08$

EXAM CONTROLS

$100\%10$:$18$

IITER $>$

Question $28$

FLAG QUESTION

Omega, Inc. made $$75,000$ of sales during the current period of which $80$ percent were on credit. The beginning accounts receivable balance was $$10,000.$ During the year $$65,000$ was collected on accounts receivable. What is the amount of the adjustment for bad debts if prior experience indicates that $2\%$ of the ending accounts receivable balance will not be collected?

Answers: A $-$ D

A $$1,200$

$$ $$100$

$$ $$400$

D $$200$

$28$ OF $83$ QUESTIONS

EXAMPLIFY VERSION $3$ W$.50$